Question 09 Chapter 2 of +2-B

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.

Particular31st March 201631st March 2015
Revenue from Operations25,00,00020,00,000
Cost of Material Consumed75% of Revenue65% of Revenue
 from Operations from Operations
Employees benefit Expenses2,00,0001,00,000
Tax Rate40%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 20,00,00025,00,0005,00,00025.00%
Less: Cost of Material Consumed (WN) 13,00,00018,75,0006,75,00051.92%
Employees Benefit Expenses 1,00,0002,00,0001,00,000100.00%
Total Expenses 14,00,00020,75,0007,75,00055.35%
Profit Before Tax 6,00,0004,25,0001,75,00029.17%
Less: Tax 40% 2,40,0001,70,00070,00029.17%
Profit after Tax 3,60,0002,55,0001,05,00029.17%

Working Note:

Cost of Material consumed for the year 2015

65% of Revenue from Operation₹20,00,000xRs.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₹20,00,000x75
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

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

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

2 Book 3 min 225x300 - Question 09 Chapter 2 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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