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Question 10 Chapter 2 VK Publications Class 12 Part 2 – 2021
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Table of Contents
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
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T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication