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Accountancy · 2025 · 3 marks
CBSE 2025 · Region 2 · Set 2 · Q32
From the following information, prepare a Comparative Statement of Profit and Loss for the year ended $\displaystyle 31$" March, $\displaystyle 2024$ : Particulars $\displaystyle 2023$-$\displaystyle 24$ (?) $\displaystyle 2022$-$\displaystyle 23$ R) Revenue from operations $\displaystyle 8,00,000$ $\displaystyle 4,00,000$ Cost of revenue from operations $\displaystyle 4,00,000$ $\displaystyle 2,00,000$ Employee benefit expenses $\displaystyle 1,60,000$ $\displaystyle 80,000$ Tax Rate $\displaystyle 50$%
Marking-scheme solution
Comparative Statement of Profit and Loss
for the years ended 31st March, $\displaystyle 2023$ and 31st March, $\displaystyle 2024$
Particulars $\displaystyle 2022$-$\displaystyle 23$ $\displaystyle 2023$-$\displaystyle 24$ Absolute Percentage
(₹) (₹) increase or increase or
decrease decrease
Revenue from Operations $\displaystyle 4,00,000$ $\displaystyle 8,00,000$ $\displaystyle 4,00,000$ $\displaystyle 100$ ½
Less Expenses:
Cost of revenue from $\displaystyle 2,00,000$ $\displaystyle 4,00,000$ $\displaystyle 2,00,000$ $\displaystyle 100$ ½
operations
Employee benefit expenses $\displaystyle 80,000$ $\displaystyle 1,60,000$ $\displaystyle 80,000$ $\displaystyle 100$ ½
Total expenses $\displaystyle 2,80,000$ $\displaystyle 5,60,000$ $\displaystyle 2,80,000$ $\displaystyle 100$
Profit before tax $\displaystyle 1,20,000$ $\displaystyle 2,40,000$ $\displaystyle 1,20,000$ $\displaystyle 100$ ½
Less Tax @$\displaystyle 50$% $\displaystyle 60,000$ $\displaystyle 1,20,000$ $\displaystyle 60,000$ $\displaystyle 100$ ½
Profit after tax $\displaystyle 60,000$ $\displaystyle 1,20,000$ $\displaystyle 60,000$ $\displaystyle 100$ 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.