# Question 11 Chapter 2 of +2-B – USHA Publication 12 Class

Q-11- CH-2 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 11 Chapter 2 of +2-B

Comparative Statement of Profit & Loss

11.From the following Statement of Profit and Loss prepare a comparative Statement of Profit and Loss.

 Particular 31st March 2016 31st March 2015 I.Income 30,00,000 25,00,000 Revenue from Operations Other Incomes 6,00,000 5,00,000 Total 36,00,000 30,00,000 II.Expenses Purchase of stock in trade 15,00,000 12,00,000 Change in inventories of stock in trade 4,00,000 4,00,000 Employees benefit expenses 3,00,000 2,00,000 Other Expenses 8,00,000 7,00,000 Total 30,00,000 25,00,000 III.Net Profit 6,00,000 5,00,000

## The solution of Question 11 Chapter 2 of +2-B: –

 comparative Statement of Profit and Loss 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 25,00,000 30,00,000 5,00,000 20.00% Other Incomes 5,00,000 6,00,000 1,00,000 20.00% Total 30,00,000 36,00,000 6,00,000 20.00% Less: Purchase of Stock 12,00,000 15,00,000 3,00,000 25.00% Change in Stock 4,00,000 4,00,000 – – Employees Expenses 2,00,000 3,00,000 1,00,000 50.00% Other Expenses 7,00,000 8,00,000 1,00,000 14.29% Total 25,00,000 30,00,000 5,00,000 20.00% Profit after Tax 5,00,000 6,00,000 1,00,000 20.00%

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

Comment if you have any question.

Also, Check out the solved question of previous Chapters: –