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Accountancy · 2025 · 3 marks
CBSE 2025 · Region 1 · Set 2 · Q32
From the following information of PK Ltd., prepare a common size Statement of Profit and Loss for the years ended 3131; March, 2023 and 3131; March,…
From the following information of PK Ltd., prepare a common size Statement of Profit and Loss for the years ended $\displaystyle 3131$; March, $\displaystyle 2023$ and $\displaystyle 3131$; March, $\displaystyle 2024$ : $\displaystyle 2023$-$\displaystyle 24$ $\displaystyle 2022$-$\displaystyle 23$ Particulars (Q) (Q) Revenue from operations $\displaystyle 10,00,000$ $\displaystyle 5,00,000$ Other income $\displaystyle 1,00,000$ $\displaystyle 50,000$ Expenses $\displaystyle 2,00,000$ $\displaystyle 1,00,000$ Income Tax @ $\displaystyle 50$%
Marking-scheme solution
Common Size Statement of Profit and Loss of PK 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 $\displaystyle 5,00,000$ $\displaystyle 10,00,000$ $\displaystyle 100$ $\displaystyle 100$
Add Other Income $\displaystyle 50,000$ $\displaystyle 1,00,000$ $\displaystyle 10$ $\displaystyle 10$
Total Revenue $\displaystyle 5,50,000$ $\displaystyle 11,00,000$ $\displaystyle 110$ $\displaystyle 110$
Less Expenses $\displaystyle 1,00,000$ $\displaystyle 2,00,000$ $\displaystyle 20$ $\displaystyle 20$
Profit before tax $\displaystyle 4,50,000$ $\displaystyle 9,00,000$ $\displaystyle 90$ $\displaystyle 90$
Less Tax @$\displaystyle 50$% $\displaystyle 2,25,000$ $\displaystyle 4,50,000$ $\displaystyle 45$ $\displaystyle 45$
Profit after tax $\displaystyle 2,25,000$ $\displaystyle 4,50,000$ $\displaystyle 45$ $\displaystyle 45$
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CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.