Question 6 Chapter 2 VK Publications Class 12 Part 2 – 2021

Question no. 6 VK Publications
Question no. 6 VK Publications

Question 6 Chapter 2 VK Publications Class 12 Part 2 – 2021

6. From the Following Statement of Profit and Loss of Super Hardwares Ltd. for the yearsthe ended 31st March, 2018 and 2017, prepare a Comparative Statement of Profit and Loss:

Particulars Note No. 31st March,2018 (Rs.) 31st March, 2017 (Rs.)
Revenue from Operations   64,00,000 48,00,000
Employees Benefit Expenses   30,00,000 24,00,000
Other Expenses   3,00,000 6,00,000

The solution of Question 6 Chapter 2 VK Publications Class 12 Part 2: –

Comparative Statement of Profit and Loss of Super Hardwares Ltd. For the years ended 31st March, 2017 & 2018

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   48,00,000 60,00,000 15,00,000 25.00
II. Expenses          
Employees Benefit Expense   24,00,000 30,00,000 6,00,000 25.00
Other Expense   6,00,000 3,00,000 3,00,000 50.00
Total Expense   30,00,000 33,00,000 3,00,000 10.00
III. Profit before Tax (I-II)   18,00,000 27,00,000 9,00,000 50.00

 

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)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

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