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Accountancy · 2025 · 3 marks
CBSE 2025 · Region 7 · Set 1 · Q32
From the following information, prepare a Comparative Statement of Profit and Loss of X Ltd. for the year ended 31st March, 2024. Particulars $\displaystyle 2023$ $\displaystyle 24$ $\displaystyle 2022$ $\displaystyle 23$ Revenue from operations ₹ $\displaystyle 40,00,000$ ₹ $\displaystyle 20,00,000$ $\displaystyle 60$% of $\displaystyle 50$% of Revenue Revenue Cost of revenue from operations from from operations operations Employees Benefit Expenses ₹ $\displaystyle 8,00,000$ ₹ $\displaystyle 6,00,000$ Tax Rate $\displaystyle 25$% $\displaystyle 25$%
Marking-scheme solution
Comparative Statement of Profit &Loss of X Ltd.
31st 31st
for the year ended March ,$\displaystyle 2023$ & March, $\displaystyle 2024$
Particulars Note $\displaystyle 2022$-$\displaystyle 23$ $\displaystyle 2023$-$\displaystyle 24$ Absolute % Change
No. (₹) (₹) Change (₹)
I.Revenue from Operations $\displaystyle 20,00,000$ $\displaystyle 40,00,000$ $\displaystyle 20,00,000$ $\displaystyle 100$
Cost of revenue from operations $\displaystyle 10,00,000$ $\displaystyle 24,00,000$ $\displaystyle 14,00,000$ $\displaystyle 140$
Employees Benefit Expenses $\displaystyle 6,00,000$ $\displaystyle 8,00,000$ $\displaystyle 2,00,000$ $\displaystyle 33.33$
II. Total Expenses $\displaystyle 16,00,000$ $\displaystyle 32,00,000$ $\displaystyle 16,00,000$ $\displaystyle 100$
III. Profit before Tax (I-II) $\displaystyle 4,00,000$ $\displaystyle 8,00,000$ $\displaystyle 4,00,000$ $\displaystyle 100$
IV. Tax @$\displaystyle 25$% $\displaystyle 1,00,000$ $\displaystyle 2,00,000$ $\displaystyle 1,00,000$ $\displaystyle 100$
V. Profit after Tax (III-IV) $\displaystyle 3,00,000$ $\displaystyle 6,00,000$ $\displaystyle 3,00,000$ $\displaystyle 100$
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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.