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Accountancy · 2025 · 3 marks
CBSE 2025 · Region 6 · Set 3 · Q32
Prepare a Common Size Statement of profit and loss of Laveena Ltd. for the year ended 31st March, 2023 and 31st March, 2024 from the following…
Prepare a Common Size Statement of profit and loss of Laveena Ltd. for the year ended 31st March, $\displaystyle 2023$ and 31st March, $\displaystyle 2024$ from the following information :
| Particulars | $\displaystyle 2023$ – $\displaystyle 24$ (₹) | $\displaystyle 2022$ – $\displaystyle 23$ (₹) |
| Revenue from operations | $\displaystyle 80,00,000$ | $\displaystyle 40,00,000$ |
| Purchase of stock in trade | $\displaystyle 8,00,000$ | $\displaystyle 4,00,000$ |
| Other expenses | $\displaystyle 80,000$ | $\displaystyle 40,000$ |
| Tax Rate $\displaystyle 50$% |
Marking-scheme solution
Common Size Statement of Profit and Loss of Laveena 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 $\displaystyle 40,00,000$ $\displaystyle 80,00,000$ $\displaystyle 100$ $\displaystyle 100$
Less:Expenses:
Purchase of Stock in Trade $\displaystyle 4,00,000$ $\displaystyle 8,00,000$ $\displaystyle 10$ $\displaystyle 10$
Other Expenses $\displaystyle 40,000$ $\displaystyle 80,000$ $\displaystyle 1$ $\displaystyle 1$
Total Expenses $\displaystyle 4,40,000$ $\displaystyle 8,80,000$ $\displaystyle 11$ $\displaystyle 11$
Profit before Tax $\displaystyle 35,60,000$ $\displaystyle 71,20,000$ $\displaystyle 89$ $\displaystyle 89$
Less: Tax @$\displaystyle 50$% $\displaystyle 17,80,000$ $\displaystyle 35,60,000$ $\displaystyle 44.5$ $\displaystyle 44.5$
Profit after Tax $\displaystyle 17,80,000$ $\displaystyle 35,60,000$ $\displaystyle 44.5$ $\displaystyle 44.5$
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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.