Question 8 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
Prepare comparative income statement from the following information:
| Particulars |
2021 | 2022 |
| Revenue from operation | 12,00,000 | 10,00,000 |
| Cost of material consumed | 8,72,000 | 7,00,000 |
| Direct expenses | 2,00,000 | 1,00,000 |
| Other expenses | 10% of material of consumed | 10% of material of consumed |
| Miscellaneous income | 20,000 | 15,000 |
The solution of Question 8 Chapter 6 – Unimax Publication Class 12 Part 2-2021 : –
Comparative Income Statement
| Particulars |
Note No |
2021 A |
2022 B |
Absolute change B-A =C |
Percentage change C/A |
| 1.Revenue form operations | 10,00,000 | 12,00,000 | 2,00,000 | 20.00 | |
| 2.Add miscellaneous income | 15,000 | 20,000 | 5,000 | 33.33 | |
| 3.Total revenue | 10,15,000 | 12,20,000 | 2,05,000 | 20.19 | |
| 4.Less expenses: | |||||
| (a) Cost of Material consumed | 7,00,000 | 8,72,000 | 1,72,000 | 24,57 | |
| (b) Direct expenses | 1,00,000 | 2,00,000 | 1,00,000 | 100.00 | |
| (c) Other expenses | 70,000 | 87,200 | 17,200 | 24.57 | |
| 4.Total expenses | 8,70,000 | 11,59,200 | 2,89,200 | 33.07 | |
| 5.Profit before tax (3-4) | 1,45,000 | 60,800 | (84,200) | 58.07 |
Note: Cost of Material Consumed.
Its is calculated as (opening stock of material + purchases of material – closing stock of material)
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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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