# Question 09 Chapter 2 of +2-B – USHA Publication 12 Class

Q-9- CH-2 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 09 Chapter 2 of +2-B

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 Change (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

Balance Sheet: Meaning, Format & Examples