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Question 07 Chapter 2 of +2-B
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Table of Contents
Comparative Statement of Profit & Loss
7. On the basis of the following information extracted from the statement of Profit and loss for the year ended 31st March,2015 and 2016, prepare a comparative Statement of Profit and Loss.
| Particular | 31stMarch, 2016 | 31st March, 2015 |
| Revenue from Operations | 30,00,000 | 20,00,000 |
| Cost of revenue from operation | 21,00,000 | 12,00,000 |
| Indirect Expenses | 3,60,000 | 4,00,000 |
| Tax Rate | 50% | 50% |
The solution of Question 07 Chapter 2 of +2-B: –
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| 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 | 30,00,000 | 10,00,000 | 50.00% | |
| Other Income | 4,00,000 | 3,60,000 | (40,000) | (10.00%) | |
| Total | 24,00,000 | 33,60,000 | 9,60,000 | 40.00% | |
| Less: Expenses | 12,00,000 | 21,00,000 | 9,00,000 | 75.00% | |
| Profit Before Tax | 12,00,000 | 12,60,000 | 60,000 | 5.00% | |
| Less: Tax 40% | 6,00,000 | 6,30,000 | 30,000 | 5.00% | |
| Profit after Tax | 6,00,000 | 6,30,000 | 30,000 | 5.00% | |
To understand more about Balance Sheet please check out following links:
https://tutorstips.com/balance-sheet/
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Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- 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
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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