Question 25 Chapter 2 VK Publications Class 12 Part 2 – 2021
Table of Contents
25. Statements of Profit and Loss of Janki Ltd. for the years ending March 31, 2017 and 2018 are given below:
| Particulars | 31st March, 2018 (Rs.) | 31st March 2017 (Rs.) | |
| I. Revenue from Operations | 5,70,000 | 4,80,000 | |
| II. Other Incomes | 30,000 | 20,000 | |
| III. Total Revenue (I + II) | 6,00,000 | 5,00,000 | |
| IV. Expenses | |||
| Cost of Material Consumed | 2,70,000 | 2,00,000 | |
| Purchases of Stock-in-trade | 84,000 | 80,000 | |
| Employees Benefit Expenses | 72,000 | 50,000 | |
| Other Expenses | 90,000 | 70,000 | |
| Total Expenses | 5,16,000 | 4,00,000 | |
| V. Profit before Tax (III-IV) | 84,000 | 1,00,000 | |
The solution of Question 25 Chapter 2 VK Publications Class 12 Part 2: –
Common Size Balance Sheet Statement For the years ended 31st March, 2017 and 2018
| Particulars | Note | Absolute Amounts | Percentage of the Balance sheet Total | ||
| 31.03.2017. | 31.03.2018. | 31.03.2017. | 31.03.2018. | ||
| Rs. | Rs. | % | % | ||
| I. Revenue from Operations | 4,80,000 | 5,70,000 | 100 | 100 | |
| II. Other income | 20,000 | 30,000 | 4.17 | 5.26 | |
| III. Total Revenue from Operations (I+II) | 5,00,000 | 6,00,000 | 104.17 | 105.26 | |
| IV. Expenses | |||||
| Cost of Material Consumed | 2,00,000 | 2,70,000 | 41.67 | 47.37 | |
| Purchase of Stock –in- Trade | 80,000 | 84,000 | 16.67 | 14.74 | |
| Employees Benefits Expenses | 50,000 | 72,000 | 10.41 | 12.63 | |
| Other Expense | 70,000 | 90,000 | 14.58 | 15.79 | |
| Total Expense | 4,00,000 | 5,16,000 | 83.33 | 9.53 | |
| V. Profit before Tax (III-IV) | 1,00,000 | 84,000 | 20.83 | 14.74 | |
Financial Statement Analysis and its tools or Techniques
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication