Question 21 Chapter 2 of +2-B – USHA Publication 12 Class

Question 21 Chapter 2 of +2-B

Question 21 Chapter 2 of +2-B

Common Size Balance Sheet

21. Prepare a common size statement of Profit and Loss of Suwidha company.

Particular 31st March 2016 ₹ 31st March 2015 ₹
Revenue from Operation 8,00,000 8,40,000
Other Income 6,000 5,040
Depreciation 48,000 53,760
Finance Cost 32,000 30,240
Income Tax 40% 40%

 

The solution of Question 21 Chapter 2 of +2-B: – 

 

Comparative Balance Sheet of Sun Ltd.
Particulars
Note no. 31st March,
2015
(A)
(3)
31st March,
2016
(B)
(4)

Percentage
Change

(Increase
/Decrease)

Percentage
Change

(Increase/
Decrease)
I. Income          
Revenue from Operation   8,40,000 8,00,000 100.00% 100.00%
Other Income   5,040 6,000 0.60% 0.75%
Total Revenue   8,45,040 8,06,000 100.60% 100.75%
II. Expenses          
Depreciation   5,37,600 4,80,000 64.00% 60.00%
Finance Cost   30,240 32,000 3.60% 4.00%
Total Expenses   5,67,840 5,12,000 67.60% 64.00%
III. Net Profit Before Tax (I-II)   2,77,200 2,94,000 33.00% 36.75%
Less: Tax @40%   1,10,880 1,17,000 13.20% 14.70%
IV. Net Profit After Tax   1,66,320 1,76,400 19.80% 22.05%



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

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T.S. Grewal’s Analysis of Financial Statements

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