# Question 07 Chapter 2 of +2-B – USHA Publication 12 Class

Q-7- CH-2 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 07 Chapter 2 of +2-B

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: –

 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 Change (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%

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