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VDO+ Tag:Question 9 Chapter 13 of Class 12 Part – 2 – 2024
Comparative Statement of Profit & Loss
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Video Tag:9. From the following information prepare the Comparative Statement of profit and loss of A Ltd.
| Particular | 31st March 2016 | 31st March 2015 |
| Revenue from Operations | 25,00,000 | 20,00,000 |
| Cost of Material Consumed | 75% of Revenue | 65% of Revenue |
| from Operations | from Operations | |
| Employees benefit Expenses | 2,00,000 | 1,00,000 |
| Tax Rate | 40% | 40% |
The solution of Question 9 Chapter 13 of Class 12 Part – 2 – 2024: –
| Comparative Balance Sheet of Sun Ltd. | |||||
| Particulars |
Note no. | 31st March, 2015 (A) (3) |
31st March, 2016 (B) (4) |
Absolute Change (Increase /Decrease) (C=B-A) (5) |
Percentage C hange (Increase /Decrease) (D=C/A x 100) (6) |
| Revenue from Operation | 20,00,000 | 25,00,000 | 5,00,000 | 25.00% | |
| Less: Cost of Material Consumed (WN) | 13,00,000 | 18,75,000 | 6,75,000 | 51.92% | |
| Employees Benefit Expenses | 1,00,000 | 2,00,000 | 1,00,000 | 100.00% | |
| Total Expenses | 14,00,000 | 20,75,000 | 7,75,000 | 55.35% | |
| Profit Before Tax | 6,00,000 | 4,25,000 | 1,75,000 | 29.17% | |
| Less: Tax 40% | 2,40,000 | 1,70,000 | 70,000 | 29.17% | |
| Profit after Tax | 3,60,000 | 2,55,000 | 1,05,000 | 29.17% | |
Working Note:
Cost of Material consumed for the year 2015
| 65% of Revenue from Operation | = | ₹20,00,000 | x | Rs.6,40,000 |
| Rs.1,30,000 | ||||
| = | ₹13,00,000 |
Cost of Material consumed for the year 2016
| Cost of Material consumed for the year 2016 | = | ₹20,00,000 | x | 75 |
| 100 | ||||
| = | ₹18,75,000 |
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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
Chapter No. 11 – Financial Statements of a Company
Chapter No. 12 – Financial Statement Analysis
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 14 – Ratio Analysis
Chapter No. 15 – Cash Flow Statement
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication