# Question 14 Chapter 2 of +2-B – USHA Publication 12 Class

Q-14- CH-2 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 14 Chapter 2 of +2-B

Comparative Statement of Profit & Loss

14. From the following information prepare a comparative Statement of Profit and Loss :

 Particular 31st March 2016 31st March 2015 Revenue from Operations 3,00,000 2,00,000 Other Income 60,000 50,000 Cost of Revenue from Operation 1,54,000 1,00,000 Employee benefit expenses 40,000 25,000 Other Expenses 15,000 20,000 Tax Rate 30% 30%

## The solution of Question 14 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 2,00,000 3,00,000 1,00,000 50.00% Other Incomes 50,000 60,000 10,000 20.00% Total 2,50,000 3,60,000 1,10,000 44.00% Less: Cost of Revenue from Operation 1,00,000 1,45,000 45,000 45.00% Employee benefit Expenses 25,000 40,000 15,000 60.00% Other Expenses 20,000 15,000 (5,000) (25.00%) Total 1,45,000 2,00,000 55,000 37.93% Profit Before Tax 1,05,000 1,50,000 45,000 42.86% Less: Tax (WN) 31,500 45,000 13,500 42.86% Profit After Tax 73,500 1,05,000 31,500 42.86%

Working Note:

Tax for year ended 31st March 2015

 30% of Profit = ₹1,05,000 x 30 100 = ₹31,500

Tax for year ended 31st March 2016

 30% of Profit = ₹1,50,000 x 30 100 = ₹45,000

Balance Sheet: Meaning, Format & Examples

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