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Accountancy · 2022 · 3 marks
CBSE 2022 · Region 4 · Set 2 · Q11
From the following Statement of Profit and Loss of Sharda Ltd. for the year ended 31st March, 2022, prepare a 'Comparative Statement of Profit and L…
From the following Statement of Profit and Loss of Sharda Ltd. for the year ended 31st March, $\displaystyle 2022$, prepare a 'Comparative Statement of Profit and L Oss'. Statement of Profit and Loss of Sharda Ltd. for the
year ended 31st March, $\displaystyle 2022$
| Particulars | $\displaystyle 2021$ – $\displaystyle 22$ (₹) | $\displaystyle 2020$ – $\displaystyle 21$ (₹) |
| Revenue from Operations | $\displaystyle 15,00,000$ | $\displaystyle 10,00,000$ |
| Other Income | $\displaystyle 3,00,000$ | $\displaystyle 2,00,000$ |
| Expenses | $\displaystyle 8,00,000$ | $\displaystyle 8,00,000$ |
| Income Tax Rate $\displaystyle 40$% |
From the following Statement of Profit and Loss of Alpha Ltd. for the year ended 31st March, $\displaystyle 2022$, prepare a 'Common Size Statement of Profit and Loss : Statement of Profit and Loss of Alpha Ltd. for the year ended
31st March, $\displaystyle 2022$
| Particulars | $\displaystyle 2021$ – $\displaystyle 22$ (₹) | $\displaystyle 2020$ – $\displaystyle 21$ (₹) |
| Revenue from Operations | $\displaystyle 20,00,000$ | $\displaystyle 25,00,000$ |
| Employee Benefit Expenses | $\displaystyle 15,00,000$ | $\displaystyle 18,00,000$ |
| Other Expenses | $\displaystyle 3,00,000$ | $\displaystyle 2,00,000$ |
| Income Tax Rate $\displaystyle 40$% |
Marking-scheme solution
Sharda Ltd.
Comparative statement of Profit & Loss for the year
ended 31st March, $\displaystyle 2021$ and $\displaystyle 2022$
$\displaystyle 2020$-$\displaystyle 21$ $\displaystyle 2021$-$\displaystyle 22$ Absolute
Particulars %age
Change
(₹) (₹) Change
I Revenue from operations $\displaystyle 10,00,000$ $\displaystyle 15,00,000$ $\displaystyle 5,00,000$ $\displaystyle 50$
II Other Income $\displaystyle 2,00,000$ $\displaystyle 3,00,000$ $\displaystyle 1,00,000$ $\displaystyle 50$
III Total Revenue $\displaystyle 12,00,000$ $\displaystyle 18,00,000$ $\displaystyle 6,00,000$ $\displaystyle 50$
IV Less : Expenses $\displaystyle 8,00,000$ $\displaystyle 8,00,000$ ---- ----
Profit before Tax (III-IV) $\displaystyle 4,00,000$ $\displaystyle 10,00,000$ $\displaystyle 6,00,000$ $\displaystyle 150$
Less : Tax @ $\displaystyle 40$% $\displaystyle 1,60,000$ $\displaystyle 4,00,000$ $\displaystyle 2,40,000$ $\displaystyle 150$
Profit after Tax $\displaystyle 2,40,000$ $\displaystyle 6,00,000$ $\displaystyle 3,60,000$ $\displaystyle 150$
OR
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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.