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

Q-12- CH-2 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 12 Chapter 2 of +2-B

Comparative Statement of Profit & Loss

12. Prepare a comparative Statement of Profit and Loss from the following :

 Particular 31st March 2016 31st March 2015 Revenue from Operations 160% of the cost of Revenue from Operation 140% of the cost of Revenue from Operation Purchases 450000 250000 Cost of Revenue from Operation 500000 300000 Administrative Expenses 8% of ₹ 5,00,000 10% of ₹ 3,00,000 Income Tax 0.5 0.4

## The solution of Question 12 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 (WN1) 4,20,000 8,00,000 3,80,000 90.48% Less: Cost of Revenue from Operation 3,00,000 5,00,000 2,00,000 66.67% Administrative Expenses (WN2) 30,000 40,000 10,000 33.33% Total Expenses 3,30,000 5,40,000 2,10,000 63.63% Profit Before Tax 90,000 2,60,000 1,70,000 188.89% Less: Income Tax (WN3) 36,000 1,30,000 94,000 261.11% Profit after Tax 54,000 1,30,000 76,000 140.74%

Working Note: (Win.1)

Cost of Material consumed for the year 2015

 140% of cost of Revenue from Operation = ₹3,00,000 x 140 100 = ₹4,20,000

Revenue from Operation for year 2016

 160% of cost of Revenue from Operation = ₹5,00,000 x 160 100 = ₹8,00,000

(Win.2)

Administrative Expenses for year 2015

 10% of cost of Revenue from Operation = ₹3,00,000 x 100 100 = ₹30,000

Administrative Expenses for year 2016

 8% of cost of Revenue from Operation = ₹5,00,000 x 8 100 = ₹40,000

(Win.3)

Income Tax for year 2015

 40% of Profit = ₹54,000 x 40 100 = ₹36,000

Income Tax for year 2016

 50% of Profit = ₹2,60,000 x 160 100 = ₹1,30,000

To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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

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