Question 12 Chapter 2 VK Publications Class 12 Part 2 – 2021
Table of Contents
12. From the following Statement of Profit and Loss of Ajanta Ltd. for the year ended 31stMarch, 2013, prepare a Comparative Statement of Profit and Loss:
| Particulars | 2012-13 (Rs.) | 2011-12 (Rs ) | |
| Revenue from Operations | 20,00,000 | 18,00, 000 | |
| Other Incomes | 4,00,000 | 6,00,000 | |
| Expenses | 19,00,000 | 17,00,000 | |
| Rate of Income tax was 50%. | |||
The solution of Question 12 Chapter 2 VK Publications Class 12 Part 2: –
Comparative Statement of Profit and Loss: For the years ended 31st March, 2012 and 2013
| Particulars | Note | 2011-2012 Rs. | 2012-2013 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 | 18,00,000 | 20,00,000 | 2,00,000 | 27.27 | |
| II. Other Income | 6,00,000 | 4,00,000 | (2,00,000) | (33.33) | |
| III. Total revenue ( I+II) | 24,00,000 | 24,00,000 | 0 | Nil. | |
| IV. Expenses | 17,00,000 | 19,00,000 | 2,00,000 | 11.76 | |
| V. Profit before Tax (III-IV) | 7,00,000 | 5,00,000 | (2,00,000) | (28.57) | |
| VI. Income Tax @ 50% | 3,50,000 | 2,50,000 | (1,00,000) | (28.57) | |
| VII. Profit after Tax | 3,50,000 | 2,50,000 | (1,00,000) | (28.57) |
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)
- 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