Question 13 Chapter 2 of +2-B – USHA Publication 12 Class

Question 13 Chapter 2 of +2-B

Question 13 Chapter 2 of +2-B

Comparative Statement of Profit & Loss

13. 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    
Revenue from Operations 25,00,000 20,00,000
Other Income 1,50,000 1,00,000
Total 26,50,000 21,00,000
I.Expenses    
Purchase of Stock in trade 15,00,000 12,00,000
Employees Benefit Expenses 2,00,000 2,00,000
Depreciation 50,000 50,000
Other Expenses 6,00,000 4,50,000
Total 23,50,000 19,00,000
I.Net Profit 3,00,000 2,00,000

 

The solution of Question 13 Chapter 2 of +2-B: – 

 

Comparative Balance Sheet of Sun Ltd.
Particulars
Note no. 31st March,
2015
(A)
(3)
31st March,
2016
(B)
(4)
Absolute
Change

(Increase
/Decrease)

(C=B-A)
(5)
Percentage C
hange

(Increase
/Decrease)

(D=C/A x 100)
(6)
Revenue from Operation   20,00,000 25,00,000 5,00,000 25.00%
Other Incomes   1,00,000 1,50,000 50,000 50.00%
Total   21,00,000 26,50,000 5,50,000 26.19%
Less: Purchase of Stock   12,00,000 15,00,000 3,00,000 25.00%
Employees Exapenses   2,00,000 2,00,000
Depreciation   50,000 50,000
Other Expenses   4,50,000 6,00,000 1,50,000 33.33%
Total   19,00,000 23,50,000 4,50,000 23.68%
Profit Before Tax   2,00,000 3,00,000 1,00,000 50.00%

 

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

Balance Sheet: Meaning, Format & Examples

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

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Chapter No. 1 – Accounting Not for Profit Organisations

Chapter No. 2 – Partnership Accounts – I

Chapter No. 3 – Partnership Accounts – II (Introduction)

Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)

Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)

Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

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

Chapter No. 1 – Financial Statements of a Company (Balance Sheet Only)

Chapter No. 2 – Techniques of Financial Statement Analysis

Chapter No. 3 – Ratio Analysis 

Chapter No. 4 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 13 Chapter 2 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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