# Question 15 Chapter 2 of +2-B – USHA Publication 12 Class

Q-15- CH-2 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 15 Chapter 2 of +2-B

Comparative Statement of Profit & Loss

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

 Particular 31st March 2016 31st March 2015 Revenue from Operations 2,00,000 2,00,000 Cost of Revenue from Operation 70% of Revenue from Operations 60% of Revenue from Operations Other Expenses 12,000 10,000 Tax Rate 50% 50%

## The solution of Question 15 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 2,00,000 – – Less: Cost of Material Consumed (WN) 1,20,000 1,40,000 20,000 16.67% Other Expenses 10,000 12,000 2,000 20.00% Total 1,30,000 1,52,000 22,000 16.92% Profit Before Tax 70,000 48,000 (22,000) 31,43% Less: Tax 50% 35,000 24,000 (11,000) 31,43% Profit After Tax 35,000 24,000 (11,000) 31,43%

Working Note:

Cost of Material Consumed for the year ended 31st March 2016

 70% of Revenue from Operations = ₹ 2,00,000 x 70 100 = ₹1,40,000

Cost of Material Consumed for the year ended 31st March 2015

 70% of Revenue from Operations = ₹2,00,000 x 60 100 = ₹1,20,000

Balance Sheet: Meaning, Format & Examples

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