Question 09 Chapter 2 of +2-B
Table of Contents
Comparative Statement of Profit & Loss
9. From the following information prepare the Comparative Statement of profit and loss of A Ltd.
| Particular | 31st March 2016 | 31st March 2015 |
| Revenue from Operations | 25,00,000 | 20,00,000 |
| Cost of Material Consumed | 75% of Revenue | 65% of Revenue |
| from Operations | from Operations | |
| Employees benefit Expenses | 2,00,000 | 1,00,000 |
| Tax Rate | 40% | 40% |
The solution of Question 09 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 | 25,00,000 | 5,00,000 | 25.00% | |
| Less: Cost of Material Consumed (WN) | 13,00,000 | 18,75,000 | 6,75,000 | 51.92% | |
| Employees Benefit Expenses | 1,00,000 | 2,00,000 | 1,00,000 | 100.00% | |
| Total Expenses | 14,00,000 | 20,75,000 | 7,75,000 | 55.35% | |
| Profit Before Tax | 6,00,000 | 4,25,000 | 1,75,000 | 29.17% | |
| Less: Tax 40% | 2,40,000 | 1,70,000 | 70,000 | 29.17% | |
| Profit after Tax | 3,60,000 | 2,55,000 | 1,05,000 | 29.17% | |
Working Note:
Cost of Material consumed for the year 2015
| 65% of Revenue from Operation | = | ₹20,00,000 | x | Rs.6,40,000 |
| Rs.1,30,000 | ||||
| = | ₹13,00,000 |
Cost of Material consumed for the year 2016
| Cost of Material consumed for the year 2016 | = | ₹20,00,000 | x | 75 |
| 100 | ||||
| = | ₹18,75,000 |
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 (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
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