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Question 9 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021
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Table of Contents
Prepare a comparative Income Statement from the following and interpret the same.
| Particulars | 31-3-2022 | 31-3-2021 |
| Revenue from operation | 15,00,000 | 20,00,000 |
| Other income | 1,00,000 | 1,00,000 |
| Cost of material consumed | 17,00,000 | 14,00,000 |
| Finance cost | 2,00,000 | 1,60,000 |
| Other expense | 1,00,000 | 1,40,000 |
| Income tax | 40% of profit | 50% of profit |
The solution of Question 9 Chapter 6 – Unimax Publication Class 12 Part 2-2021 : –
Comparative Income Statement for the year 31-3-2021 & 31-3-2022
| Particulars | 2021 A | 2022 B | Absolute change B-A =C | Percentage change C/A |
| 1.Revenue form operations | 20,00,000 | 15,00,000 | 5,00,000 | 25.00 |
| 2.Add other income | 1,00,000 | 1,00,000 | Nil | Nil |
| 3.Total revenue | 21,00,000 | 16,00,000 | (5,00,000) | (23.80) |
| 4.Less expenses: | ||||
| (a) Cost of Material consumed | 14,00,000 | 17,00,000 | 3,00,000 | 21.43 |
| Finance cost | 1,60,000 | 2,00,000 | 40,000 | 25.00 |
| Other expenses | 1,40,000 | 1,00,000 | (40,000) | (28.57) |
| 4.Total expenses | 17,00,000 | 20,00,000 | 3,00,000 | 17.65 |
| 5.Profit before tax (3-4) | 4,00,000 | (4,00,000) | (8,00,000) | (200.00) |
| 6.Less income tax | 1,60,000 | Nil | 1,60,000 | (100.00) |
| 7.Profit after tax | 2,40,000 | (4,00,000) | (6,40,000) | (266.67) |
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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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