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Accountancy · 2025 · 3 marks
CBSE 2025 · Region 1 · Set 1 · Q32
From the following information of CN Ltd., prepare a common size Statement of Profit and Loss for the years ended 31st March, $\displaystyle 2023$ and $\displaystyle 313$* March, $\displaystyle 2024$ : $\displaystyle 2023$-$\displaystyle 24$ $\displaystyle 2022$-$\displaystyle 23$ Particulars (?) ($\displaystyle 1$) Revenue from operations $\displaystyle 40,00,000$ $\displaystyle 20,00,000$ Purchase of stock-1n-trade $\displaystyle 8$, $\displaystyle 00,000$ $\displaystyle 4,00,000$ Other expenses $\displaystyle 4,00,000$ $\displaystyle 2,00,000$ Tax @ $\displaystyle 50$%
Marking-scheme solution
Common Size Statement of Profit and Loss of CN Ltd.
for the years ended 31st March, $\displaystyle 2023$ and 31st March, $\displaystyle 2024$
Absolute Amounts Percentage of
Revenue from operations
Particulars $\displaystyle 2022$-$\displaystyle 23$ $\displaystyle 2023$-$\displaystyle 24$ $\displaystyle 2022$-$\displaystyle 23$ $\displaystyle 2023$-$\displaystyle 24$
(₹) (₹) (%) (%)
Revenue from Operations $\displaystyle 20,00,000$ $\displaystyle 40,00,000$ $\displaystyle 100$ $\displaystyle 100$
Less Expenses:
Purchase of stock in trade $\displaystyle 4,00,000$ $\displaystyle 8,00,000$ $\displaystyle 20$ $\displaystyle 20$ ½
Other expenses $\displaystyle 2,00,000$ $\displaystyle 4,00,000$ $\displaystyle 10$ $\displaystyle 10$ ½
Total expenses $\displaystyle 6,00,000$ $\displaystyle 12,00,000$ $\displaystyle 30$ $\displaystyle 30$
Profit before tax $\displaystyle 14,00,000$ $\displaystyle 28,00,000$ $\displaystyle 70$ $\displaystyle 70$ ½
Less Tax @$\displaystyle 50$% $\displaystyle 7,00,000$ $\displaystyle 14,00,000$ $\displaystyle 35$ $\displaystyle 35$ ½
Profit after tax $\displaystyle 7,00,000$ $\displaystyle 14,00,000$ $\displaystyle 35$ $\displaystyle 35$ ½
.
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CBSE Class 12 Accountancy past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.