Question 06 Chapter 2 of +2-B - USHA Publication 12 Class

Question 06 Chapter 2 of +2-B

Comparative Statement of Profit & Loss

6.From the following information, prepare a comparative Statement of Profit and Loss of Vimar Ltd.

Particular	31stMarch, 2016	31st March, 2015
Revenue from Operations	24,00,000	20,00,000
Cost of revenue from operation	10,00,000	18,00,000
Indirect Expenses	80,000	50,000
Tax Rate	40%	40%

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The solution of Question 06 Chapter 2 of +2-B: –

Comparative Balance Sheet of Sun Ltd.
Particulars	Note no.	31st March, 2015 (A) (3)	31st March, 2016 (B) (4)	Absolute Change (Increase /Decrease) (C=B-A) (5)	Percentage C hange (Increase /Decrease) (D=C/A x 100) (6)
Revenue from Operation		20,00,000	24,00,000	4,00,000	20.00%
Less: Cost of Revenue from Operation		18,00,000	10,00,000	(8,00,000)	(44.44%)
Indirect Expenses		50,000	80,000	30,000	60.00%
Total Expenses		18,50,000	10,80,000	7,70,000	41.62%
Profit Before Tax		1,50,000	420000	270000	180.00%
Less: Tax 40%		60,000	168000	108000	180.00%
Profit after Tax		90,000	252000	162000	180.00%

To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

Chapter No. 1 – Financial Statements of a Company
Chapter No. 2 – Financial Statement Analysis
Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 4 – Ratio Analysis
Chapter No. 5 – Cash Flow Statement