Question 7 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
Prepare a comparative statement of profit & Loss the following information:
| Particulars |
2021 | 2022 |
| Revenue from operation | 15,00,000 | 12,00,000 |
| Purchases of stock In trade | 10,00,0000 | 7,00,000 |
| Changes in inventories | 1,50,000 | 1,00,000 |
| Other expenses | 8% of revenue from operation | 10% of revenue from operation |
The solution of Question 7 Chapter 6 – Unimax Publication Class 12 Part 2- 2021: –
Comparative Statement of Profit & Loss
| Particulars |
Note No |
2021 A |
2022 B |
Absolute change B-A =C |
Percentage change C/A |
| 1.Revenue form operations | 15,00,000 | 12,00,000 | (3,00,000) | 20.00 | |
| 2.Add other income | – | – | – | – | |
| 3.Total revenue | 15,00,000 | 12,00,000 | (3,00,000) | 20.00 | |
| 4.Less expenses: | |||||
| (a) Purchase of stock in trade | 10,00,000 | 7,00,000 | (3,00,000) | 30.00 | |
| (b) Change in inventories | 1,50,000 | 1,00,000 | (50,000) | 33.33 | |
| (c) Other expenses | 1,20,000 | 1,20,000 | Nil | Nil | |
| Total expenses | 12,70,000 | 9,20,000 | (3,50,000) | 27.56 | |
| 5.Profit before tax (3-4) | 2,30,000 | 2,80,000 | 50,000 | 21.74 |
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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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