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Question 5 Chapter 2 VK Publications Class 12 Part 2 – 2021
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Table of Contents
5. Prepare a Comparative Income Statement from the following data of Rajasthan, Ltd.:
| Particulars | Note No. | 31st March,2017 (Rs.) | 31st March, 2016 (Rs.) |
| Revenue from Operations | 1,74,000 | 1,47, 000 | |
| Employees Benefit Expenses | 1,04,000 | 87,000 | |
| Other Expenses | 30,000 | 25,000 | |
| Tax Rate 20% |
The solution of Question 5 Chapter 2 VK Publications Class 12 Part 2: –
Comparative Statement of Profit and Loss of Rajasthan Hardwares Ltd. For the year 31st March, 2016 & 2017
| Particulars | Note | 2016-2017 Rs. | 2017-2018 Rs. | Absolute Change Rs. | Percentage Change % |
| 1 | 2 | 3 | 4 | 5 | |
| A | B | B – A = C | C/A X 100 = D | ||
| I. Revenue from Operations | 1,47,000 | 1,74,000 | 27,000 | 18.36 | |
| II. Expenses | |||||
| Employees Benefit Expense | 87,000 | 1,04,000 | 17,000 | 19.54 | |
| Other Expense | 25,000 | 30,000 | 5,000 | 20.00 | |
| Total Expense | 1,12,000 | 1,34,000 | 22,000 | 19.64 | |
| III. Profit before Tax (I-II) | 35,000 | 40,000 | 5,000 | 14.28 | |
| IV. Less: Tax @ 20% | 7,000 | 8,000 | 1,000 | 14.28 | |
| V. Profit after Tax (III-IV) | 28,000 | 32,000 | 4,000 | 14.28 |
Financial Statement Analysis and its tools or Techniques
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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