# Question 12 Chapter 6 -Unimax Publication Class 12 Part 2 – 2021

Question No 12 Chapter No -6 Unimax Class - 12 Part - II

Question 12 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021

Prepare comparative income statement from the following information.

 Particulars 2021 2022 Revenue from operation 6,00,000 9,00,000 Gross profit 40% of revenue form operation 50% of revenue form operation Administrative expenses 20% gross profit 15% gross profit Income tax 50% 50%

## The solution of Question 12 Chapter 6 – Unimax Publication Class 12 Part 2-2021 : –

Comparative Income Statement

 Particulars 2021 A 2022 B Absolute change B-A =C Percentage change C/A Revenue form operations 6,00,000 9,00,000 3,00,000 50.00 Add other income – – – – Total Revenue 6,00,000 9,00,000 3,00,000 50.00 Less expenses: Cost of goods sold 3,60,000 4,50,000 90,000 25.00 Administration expenses 48,000 67,500 19,500 40.63 Total expenses 4,08,000 5,17,500 1,09,500 26.84 Net Profit before tax 1,92,000 3,82,500 1,90,500 99.22 Less income tax 96,000 1,91,250 95,250 99.22 Net Profit after tax 96,000 1,91,250 57,000 99.22

Working note:

 1. Gross profit (2021) 40% Revenue from Operating 40/100 x 6,00,000  = 2,40,000 Gross Profit (2022) 9,00,000 x 40/100 =4,50,000 Cost of Goods Sold (2021) Sale-Gross Profit 6,00,000 -2,40,000 = 3,60,000 Cost of Goods Sold (2022) 9,00,000 – 4,50,000 = 4,50,000 Administrative Expenses =20% 0f Gross Profit (2021) =2,40,000 x 20% =48,000 (2022) 15/100 x3,60,000 =67,500

Comment if you have any Doubts.

Comparative Statements – Balance Sheet & Profit and Loss