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

Question 13 Chapter 2 of +2-B
Q-13- CH-2 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 13 Chapter 2 of +2-B

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Comparative Statement of Profit & Loss

13. From the following Statement of Profit and Loss Prepare a comparative Statement of Profit and Loss :

Particular31st March, 201631st March, 2015
I.Income  
Revenue from Operations25,00,00020,00,000
Other Income1,50,0001,00,000
Total26,50,00021,00,000
I.Expenses  
Purchase of Stock in trade15,00,00012,00,000
Employees Benefit Expenses2,00,0002,00,000
Depreciation50,00050,000
Other Expenses6,00,0004,50,000
Total23,50,00019,00,000
I.Net Profit3,00,0002,00,000

 

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

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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 C
hange

(Increase
/Decrease)

(D=C/A x 100)
(6)
Revenue from Operation 20,00,00025,00,0005,00,00025.00%
Other Incomes 1,00,0001,50,00050,00050.00%
Total 21,00,00026,50,0005,50,00026.19%
Less: Purchase of Stock 12,00,00015,00,0003,00,00025.00%
Employees Exapenses 2,00,0002,00,000
Depreciation 50,00050,000
Other Expenses 4,50,0006,00,0001,50,00033.33%
Total 19,00,00023,50,0004,50,00023.68%
Profit Before Tax 2,00,0003,00,0001,00,00050.00%

 

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

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

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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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