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.

Particular31st March 2016 ₹31st March 2015 ₹
Revenue from Operation8,00,0008,40,000
Other Income6,0005,040
Depreciation48,00053,760
Finance Cost32,00030,240
Income Tax40%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 8,40,0008,00,000100.00%100.00%
Other Income 5,0406,0000.60%0.75%
Total Revenue 8,45,0408,06,000100.60%100.75%
II. Expenses     
Depreciation 5,37,6004,80,00064.00%60.00%
Finance Cost 30,24032,0003.60%4.00%
Total Expenses 5,67,8405,12,00067.60%64.00%
III. Net Profit Before Tax (I-II) 2,77,2002,94,00033.00%36.75%
Less: Tax @40% 1,10,8801,17,00013.20%14.70%
IV. Net Profit After Tax 1,66,3201,76,40019.80%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

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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