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

Question 07 Chapter 2 of +2-B

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 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:

Balance Sheet: Meaning, Format & Examples

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

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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T.S. Grewal’s Analysis of Financial Statements

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