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Accountancy · 2025 · 3 marks
CBSE 2025 · Region 6 · Set 1 · Q32
From the following information, prepare a Common Size Statement of Profit and Loss of QLM Ltd. for the year ended 31st March, 2023 and 31st March,…
From the following information, prepare a Common Size Statement of Profit and Loss of QLM Ltd. for the year ended 31st March, $\displaystyle 2023$ and 31st March, 2024.
| Particulars | $\displaystyle 2022$ – $\displaystyle 23$ (₹) | $\displaystyle 2023$ – $\displaystyle 24$ (₹) |
| Revenue from operations | $\displaystyle 40,00,000$ | $\displaystyle 50,00,000$ |
| Cost of revenue from operations | $\displaystyle 20,00,000$ | $\displaystyle 25,00,000$ |
| Other expenses | $\displaystyle 4,00,000$ | $\displaystyle 5,00,000$ |
| Tax Rate $\displaystyle 50$% |
Marking-scheme solution
Common Size Statement of Profit and Loss of QLM Ltd.
for the years ended $\displaystyle 31$ March $\displaystyle 2023$ and $\displaystyle 2024$
Particulars Note Absolute Amounts(₹) Percentage of
No. Revenue from
Operations(%)
$\displaystyle 2022$-$\displaystyle 23$ $\displaystyle 2023$-$\displaystyle 24$ $\displaystyle 2022$-$\displaystyle 23$ $\displaystyle 2023$-$\displaystyle 24$
Revenue from Operations $\displaystyle 40,00,000$ $\displaystyle 50,00,000$ $\displaystyle 100$ $\displaystyle 100$
Less: Expenses:
Cost of Revenue from Operations $\displaystyle 20,00,000$ $\displaystyle 25,00,000$ $\displaystyle 50$ $\displaystyle 50$
Other Expenses $\displaystyle 4,00,000$ $\displaystyle 5,00,000$ $\displaystyle 10$ $\displaystyle 10$
Total Expenses $\displaystyle 24,00,000$ $\displaystyle 30,00,000$ $\displaystyle 60$ $\displaystyle 60$
Profit before Tax $\displaystyle 16,00,000$ $\displaystyle 20,00,000$ $\displaystyle 40$ $\displaystyle 40$
Less: Tax @$\displaystyle 50$% $\displaystyle 8,00,000$ $\displaystyle 10,00,000$ $\displaystyle 20$ $\displaystyle 20$
Profit after Tax $\displaystyle 8,00,000$ $\displaystyle 10,00,000$ $\displaystyle 20$ $\displaystyle 20$
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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.