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Question 22 Chapter 2 of +2-B
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Table of Contents
22. From the following statement of Profit and Loss, Prepare a common size statement of Profit and Loss of Jyanti Limited for the period ended 31-3-2016.
| Particular | ₹ |
| Income | |
| Revenue from Operation | 25,38,000 |
| Other Income | 38,000 |
| 25,76,000 | |
| Expenses | |
| Cost of Material Consumed | 14,00,000 |
| Other Expense | 5,00,000 |
| 19,00,000 | |
| Tax | 3,38,000 |
The solution of Question 22 Chapter 2 of +2-B: –
| common size statement of Profit and Loss of Jyanti Limited | |||
| Particulars | Note no. | 31st March, 2016 (B) (4) | Percentage Change (Increase/ Decrease) |
| I. Income | |||
| Revenue from Operation | 25,38,000 | 100.00% | |
| Other Income | 38,000 | 1.50% | |
| Total Revenue | 25,76,000 | 101.50% | |
| II. Expenses | |||
| Depreciation | 14,00,000 | 55.16% | |
| Finance Cost | 5,00,000 | 19.70% | |
| Total Expenses | 19,00,000 | 74.86% | |
| III. Net Profit Before Tax (I-II) | 6,76,000 | 26.64% | |
| Less: Tax @50% | 3,38,000 | 13.32% | |
| IV. Net Profit After Tax | 3,38,000 | 13.32% | |
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
