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

Chapter No. 1 – Accounting Not for Profit Organisations

Chapter No. 2 – Partnership Accounts – I

Chapter No. 3 – Partnership Accounts – II (Introduction)

Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)

Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)

Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Chapter No. 1 – Financial Statements of a Company (Balance Sheet Only)

Chapter No. 2 – Techniques of Financial Statement Analysis

Chapter No. 3 – Ratio Analysis 

Chapter No. 4 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 21 Chapter 2 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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