Question 15 Chapter 2 VK Publications Class 12 Part 2 – 2021
Table of Contents
15. Given below is the information extracted from the books of Shyam Ltd.:
| Particulars | 31st March 2018 (Rs.) | 31st March, 2017 (Rs.) | |
| Revenue from Operations | 20,00,000 | 17,50,000 | |
| Cost of Material Consumed | 11,70,000 | 9,75,000 | |
| Other Expenses | 91,500 | 67,700 | |
| Income Tax | 40% | 40% | |
Prepare a Comparative Income Statement for the year 2017-18 on the basis of the above information.
The solution of Question 15 Chapter 2 VK Publications Class 12 Part 2: –
Comparitive Income Statement of Shyam Ltd. As at 31st March, 2017 & 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 | 17,50,000 | 20,00,000 | 2,50,000 | 14.28 | |
| II. Expenses | |||||
| Cost of the material consumed | 9,70,000 | 11,70,000 | 1,95,000 | 20.00 | |
| Other Expense | 67,700 | 91,500 | 23,800 | 35.16 | |
| Total Expense | 10,42,700 | 12,61,500 | 2,18,800 | 20.98 | |
| III. Profit before Tax (I-II) | 7,07,300 | 7,38,500 | 31,200 | 4.41 | |
| IV. Less: Income Tax | 2,82,920 | 2,95,400 | 12,480 | 4.41 | |
| V. Profit after Tax | 4,24,380 | 4,43,100 | 18,720 | 4.42 |
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