Question 14 Chapter 2 VK Publications Class 12 Part 2 – 2021
Table of Contents
14. From the following Statement of Profit and Loss of Moontrack Ltd., for the years ended Mar 31st March, 2018 and 2017, prepare a ‘Comparative Statement of Profit and Loss’.
| Particulars | 2017-18 (Rs.) | 2016-17 (Rs ) | |
| Revenue from Operations | 40,00,000 | 24,00,000 | |
| Other Incomes | 24,00,000 | 18,00,000 | |
| Expenses | 16,00,000 | 14,00,000 | |
The solution of Question 14 Chapter 2 VK Publications Class 12 Part 2: –
Comparative Income Statement For the years ended 31st March, 2017 and 2018
| Particulars | Note | 2016-2017 Rs. | 2017-2018 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 | 24,00,000 | 40,00,000 | 16,00,000 | 66.67 | |
| II. Other Incomes | 18,00,000 | 24,00,000 | 66,00,000 | 33.33 | |
| III. Total Revenue from Operations | 42,00,000 | 64,00,000 | 22,00,000 | 52.39 | |
| IV. Expenses | 14,00,000 | 16,00,000 | 2,00,000 | 14.29 | |
| V. Net Profit before Tax (III-IV) | 32,500 | 38,000 | 5,500 | 16.93 |
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