Question 08 Chapter 2 of +2-B – USHA Publication 12 Class

Question 08 Chapter 2 of +2-B

Question 08 Chapter 2 of +2-B

Comparative Statement of Profit & Loss

8. Prepare a comparative Statement of Profit and Loss of Western Medicare Limited, from the following information. The company is having its own managed more than one dozen dispensaries in rural area where people from down-trodden society are being treated free of cost.

Particular 31stMarch, 2016 31st March, 2015
Revenue from Operations 24,00,000 20,00,000
Cost of Material Consumed 6,00,000 4,00,000
Changes in inventories of Stock in trade 2,00,000 2,00,000
Employees benefit Expenses 1,50,000 1,00,000
Tax Rate 40% 30%

 

The solution of Question 08 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 20,00,000 4,00,000 20.00%
Less: Cost of Material Consumed   4,00,000 6,00,000 2,00,000 50.00%
Changes in stock   2,00,000 2,00,000
Employees Benefit Expenses   1,00,000 1,50,000 50,000 50.00%
Total Expenses   7,00,000 9,50,000 2,50,000 35.71%
Profit Before Tax   13,00,000 14,50,000 1,50,000 11.54%
Less: Tax 40%   5,20,000 5,35,000 15,000 2.88%
Profit after Tax   7,80,000 9,15,000 1,35,000 17,31%


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

Chapter No. 1 – Accounting Not for Profit Organisations

Chapter No. 2 – Partnership Accounts – I

Chapter No. 3 – Partnership Accounts – II (Introduction)

Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)

Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)

Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)

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 (Balance Sheet Only)

Chapter No. 2 – Techniques of Financial Statement Analysis

Chapter No. 3 – Ratio Analysis 

Chapter No. 4 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 08 Chapter 2 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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