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Question 21 Chapter 2 of +2-B
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Table of Contents
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: –
| common size statement of Profit and Loss of Suwidha company | |||||
| Particulars | Note no. | 31st March, 2015 (A) (3) | 31st March, 2016 (B) (4) | Percentage | 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 | 3.6% | 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 (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- 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
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
