Question 27 Chapter 2 of +2-B – USHA Publication 12 Class

Question 27 Chapter 2 of +2-B

Question 27 Chapter 2 of +2-B

Trend Percentage

27. Convert the following Comparative Income Statement into Trend Percentage Statement.

Deepak Industries Ltd.
Income Statement for the year ending 31st March
Particular 2012 2013 2014
Revenue from Operation 2,00,000 1,75,000 1,50,000
Purchase of Stock 1,00,000 90,000 85,000
Gross Profit 1,00,000 85,000 65,000
Employees Benefit Expenses 75,000 65,000 50,000
Net Profit before Tax 25,000 20,000 15,000
Income tax 12,000 10,000 8,000
Net profit after tax 13,000 10,000 7,000

 

The solution of Question 27 Chapter 2 of +2-B: – 

 

Trend Percentage Base Year 2012 = 100
Particu
lars

Percentage of
Figures
2013 2014 2015
Revenue from Operation 100% 88% 75%
Purchase of Stock 100% 90% 85%
Gross Profit 100% 85% 65%
Employees Benefit Expenses 100% 87% 67%
Net Profit before Tax 100% 80% 60%
Income tax 100% 83% 67%
Net profit after tax 100% 77% 54%

 

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

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