Question 6 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
From the following information relating to Ruby Ltd. prepare a comparative income statement.
| Particulars |
2021 | 2022 |
| Sales (Revenue from operation) | 6,00,000 | 9,00,000 |
| Material consumed | 3,00,000 | 4,80,000 |
| Manufacturing office & selling | 2,00,000 | 2,80,000 |
| Income tax | 50% of profit | 50% of profit |
The solution of Question 6 Chapter 6 – Unimax Publication Class 12 Part 2: –
Comparative Balance Sheet of Profit & Loss of Ruby Ltd.
As At 31-3-2021 and 31-3-2022
| Particulars |
2021 A |
2022 B |
Absolute change B-A =C |
Percentage change C/A |
| 1.Revenue form operations | 6,00,000 | 9,00,000 | 3,00,000 | 50.00 |
| 2.Add other income | ||||
| 3.Total revenue | 6,00,000 | 9,00,000 | 3,00,000 | 50.00 |
| 4.Less expenses: | ||||
| (a) Cost of Material consumed | 3,00,000 | 4,80,000 | 1,80,000 | 60.00 |
| (b) Manufacture office & selling expenses | 2,00,000 | 2,80,000 | 80,000 | 40.00 |
| 4.Total expenses | 5,00,000 | 7,60,000 | 2,60,000 | 52.00 |
| 5.Profit before tax (3-4) | 1,00,000 | 1,40,000 | 40,000 | 40.00 |
| 6.Less tax` | 50,000 | 70,000 | 20,000 | 40.00 |
| 7.Profit after tax (5-6) | 50,000 | 70,000 | 20,000 | 40.00 |
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Comparative Statements – Balance Sheet & Profit and Loss
Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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