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Accountancy · 2022 · 3 marks
CBSE 2022 · Region 5 · Set 3 · Q11
From the following information, prepare a Comparative Statement of Profit & Loss for the year ended 31st March, 2021. Particulars 2019-20 (€) 2020-21…
From the following information, prepare a Comparative Statement of Profit & Loss for the year ended 31st March, $\displaystyle 2021$ . Particulars $\displaystyle 2019$-$\displaystyle 20$ (€) $\displaystyle 2020$-$\displaystyle 21$ (€) Revenue from operations $\displaystyle 10,00,000$ $\displaystyle 15,00,000$ Expenses $\displaystyle 5,00,000$ $\displaystyle 6,00,000$ Tax Rate $\displaystyle 400$ $\displaystyle 0$
Prepare a Common Size Balance Sheet ofAyush Ltd. from the following information : Particulars Note 31st March, 31st March, No. $\displaystyle 2021$ (z) $\displaystyle 2020$ c) I. Equity and Liabilities 1. Shareholders' Funds $\displaystyle 18,00,000$ $\displaystyle 6,00,000$ 2. Non-Current Liabilities $\displaystyle 2,00,000$ $\displaystyle 4,00,000$ Total $\displaystyle 20,00,000$ $\displaystyle 10,00,000$ II. Assets 1. Non-Current Assets $\displaystyle 12,00,000$ $\displaystyle 7,00,000$ 2. Current Assets $\displaystyle 8,00,000$ $\displaystyle 3,00,000$ Total $\displaystyle 20,00,000$ $\displaystyle 10,00,000$
Marking-scheme solution
Comparative Statement of Profit and Loss
for the year ended March $\displaystyle 31$, $\displaystyle 2021$
Particulars $\displaystyle 2019$-$\displaystyle 20$ $\displaystyle 2020$-$\displaystyle 21$ Absolute %
(₹) (₹) Change Change
(₹)
Revenue from Operations $\displaystyle 10,00,000$ $\displaystyle 15,00,000$ $\displaystyle 5,00,000$ $\displaystyle 50$
Less : Expenses $\displaystyle 5,00,000$ $\displaystyle 6,00,000$ $\displaystyle 1,00,000$ $\displaystyle 20$
Profit before tax $\displaystyle 5,00,000$ $\displaystyle 9,00,000$ $\displaystyle 4,00,000$ $\displaystyle 80$
Less : Tax @ $\displaystyle 40$% $\displaystyle 2,00,000$ $\displaystyle 3,60,000$ $\displaystyle 1,60,000$ $\displaystyle 80$
Profit after Tax $\displaystyle 3,00,000$ $\displaystyle 5,40,000$ $\displaystyle 2,40,000$ $\displaystyle 80$
Prepare a Common Size Balance Sheet ………..
Ans.
Common Size Balance Sheet of Ayush Ltd.
as on 31st March $\displaystyle 2020$ and $\displaystyle 2021$
Particulars $\displaystyle 31.03.2020$ $\displaystyle 31.03.2021$ % of % of
(₹) (₹) Total Total
Assets Assets
31.$\displaystyle 3.2020$ $\displaystyle 31.3.2021$
I. Equity and Liabilities :
1. Shareholders Funds $\displaystyle 6,00,000$ $\displaystyle 18,00,000$ $\displaystyle 60$ $\displaystyle 90$
2. Non-Current Liabilities
$\displaystyle 4,00,000$ $\displaystyle 2,00,000$ $\displaystyle 40$ $\displaystyle 10$
Total $\displaystyle 10,00,000$ $\displaystyle 20,00,000$ $\displaystyle 100$ $\displaystyle 100$
II. Assets :
1. Non-Current Assets $\displaystyle 7,00,000$ $\displaystyle 12,00,000$ $\displaystyle 70$ $\displaystyle 60$
2. Current Assets
$\displaystyle 3,00,000$ $\displaystyle 8,00,000$ $\displaystyle 30$ $\displaystyle 40$
Total $\displaystyle 10,00,000$ $\displaystyle 20,00,000$ $\displaystyle 100$ $\displaystyle 100$
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CBSE Class 12 Accountancy past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.