Question 10 Chapter 2 VK Publications Class 12 Part 2 – 2021

Question no. 10 VK Publications
Question no. 10 VK Publications

Question 10 Chapter 2 VK Publications Class 12 Part 2 – 2021

10. Prepare a Comparative Statement of Profit and Loss from the following details:

Particulars Note No. 31st March,2015 (Rs.) 31st March, 2014 (Rs.)
Revenue from Operations   15,00,000 10,00,000
Other Incomes (% of Revenue from Operations)   15% 20%
Expenses (% of Operating Revenue)   60% 50%

The solution of Question 10 Chapter 2 VK Publications Class 12 Part 2: –

Comparative Statement of Profit and Loss: For the years ended 31st March, 2014 and 2015

Particulars Note 2016-2017 Rs. 2017-2018 Rs. Absolute Change Rs. Percentage
Change %
1   2 3 4 5
    A B B – A = C  C/A X 100 = D
           
I. Revenue from Operations   10,00,000 15,00,000 5,00,000 50.00
II. Other Incomes   2,00,000 2,25,000 25,000 12.50
III. Total revenue ( I+II)   12,00,000 17,25,000 5,25,000 43.75
IV. Expenses   5,00,000 9,00,000 1,000 80.00
V. Profit after Tax (III-IV)   7,00,000 8,25,000 1,25,000 17.85

 

Financial Statement Analysis and its tools or Techniques

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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

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