Question 22 Chapter 2 of +2-B – USHA Publication 12 Class

Question 22 Chapter 2 of +2-B

Question 22 Chapter 2 of +2-B

Common Size Balance Sheet

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: – 

 

Comparative Balance Sheet of Sun Ltd.
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

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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