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

Q-8- CH-2 Book 2 - Usha Pub. +2 Book 2020 - Solution

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 Change (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%

https://tutorstips.com/balance-sheet/