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

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 22 Chapter 2 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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