# Question 7 Chapter 6 -Unimax Publication Class 12 Part 2 – 2021

Question No 07 Chapter No -6 Unimax Class - 12 Part - II

Question 7 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021

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

Comment if you have any Doubts.

Comparative Statements – Balance Sheet & Profit and Loss