# Question 10 Chapter 2 of +2-B – USHA Publication 12 Class

Q-10- CH-2 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 10 Chapter 2 of +2-B

Comparative Statement of Profit & Loss

10. From the following information prepare a comparative Statement of Profit and Loss for the year ended 31st March 2016 and 2015

 Particular 31st March 2016 31st March 2015 Revenue from Operations 8,50,000 7,00,000 Material Consumed 4,20,000 3,30,000 Manufacturing and Office Expenses 2,60,000 2,40,000 Other Incomes 30,000 30,000

Other Information
Income tax is calculated @50%
Manufacturing expenses are 50% of the total of that category.

## The solution of Question 10 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 7,00,000 8,50,000 1,50,000 21.43% Other Incomes 30,000 30,000 – – Total 7,30,000 8,80,000 1,50,000 20.55% Less: Material Consumed 3,30,000 4,20,000 90,000 27.27% Manufacturing Expenses (WN) 1,20,000 1,30,000 10,000 8.33% Other Expenses 1,20,000 1,30,000 10,000 8.33% Total Expenses 5,70,000 6,80,000 1,10,000 19.30% Profit Before Tax 1,60,000 2,00,000 40,000 25.00% Less: Tax 50% 80,000 1,00,000 20,000 25.00% Profit after Tax 80,000 1,00,000 20,000 25.00%

Working Note:

Cost of Material consumed for the year 2015

 50% of Revenue from Operation = ₹2,40,000 x 50 100 = ₹1,20,000

Cost of Material consumed for the year 2016

 50% of Manufacturing and Office Expenses = ₹2,60,000 x 50 100 = ₹1,30,000

Balance Sheet: Meaning, Format & Examples