Question 9 Chapter 2 VK Publications Class 12 Part 2 – 2021
Table of Contents
9. From the following Statement of Profit and Loss of the Sakhi Ltd. for the years ended 31st March, 2014 and 2015, prepare Comparative Statement of Profit and Loss.
| Particulars | Note No. | 31st March,2015 (Rs.) | 31st March, 2014 (Rs.) |
| Revenue from Operations | 25,00,000 | 40,00,000 | |
| Expenses: | |||
| (a) Employee benefit expenseswere 5% of Revenue from operations | |||
| (b) Other expenses | 5,90,000 | 6,80,000 | |
| Rate of Tax 35% |
The solution of Question 9 Chapter 2 VK Publications Class 12 Part 2: –
Comparative Statement of Profit and Loss: For the years ended 31st March, 2014 and 2015
| 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 | 25,00,000 | 40,00,000 | 15,00,000 | 60.00 | |
| II. Expenses | |||||
| Employees Benefit Expense | 1,25,000 | 2,00,000 | 75,000 | 60.00 | |
| Other Expense | 5,90,000 | 6,80,000 | 90,000 | 15.25 | |
| Total Expense | 7,15,000 | 8,80,000 | 1,65,000 | 23.07 | |
| III. Net Profit before Tax (I-II) | 17,85,000 | 31,20,000 | 13,35,000 | 74.78 | |
| IV. Less: Tax @ | 6,24,750 | 10,92,000 | 4,67,250 | 74.78 | |
| V. Net Profit after Tax (III-IV) | 11,60,250 | 20,28,000 | 8,67,750 | 74.78 |
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)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication