4 Marks Question - Accountancy STD 12 Commerce Questions - Vidyadip

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Question 14 Marks

Convert the following particulars into Common Size Statement of Profit & Loss and interpret the changes in 2023:

Particulars	Note No.	31.3.2023	31.3.2022
Revenue from Operations		18,00,000	15,00,000
Other Income		72,000	45,000
Cost of Materials Consumed		8,64,000	6,60,000
Employee Benefit Expenses		1,80,000	1,80,000
Other Expenses		54,000	1,05,000

Answer

Working Note:-
For the year of 2021-22
i. Cost of Materials Consumed = $\frac{6,60,000}{15,00,000} \times 100=44 \%$
ii. Employee Benefit Expenses = $\frac{1,80,000}{15,00,000} \times 100=12 \%$
iii. Other Expenses = $\frac{1,05,000}{15,00,000} \times 100=7 \%$
For the year of 2022-23
i. Cost of Materials Consumed = $\frac{8,64,000}{18,00,000} \times 100=48 \%$
ii. Employee Benefit Expenses = $\frac{1,80,000}{18,00,000} \times 100=10 \%$
iii. Other Expenses = $\frac{54,000}{18,00,000} \times 100=3 \%$

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Question 24 Marks

From the following Statement of Profit and Loss of RJ Ltd., prepare a Comparative Statement of Profit and Loss for the year ended 31st March, 2022:

RJ Ltd.Statement of Profit and Loss for the year ended 31st March, 2022
Particulars	Note No.	2021 - 22 ₹	2020 - 21 ₹
Revenue from Operations		20,00,000	15,00,000
Employee Benefit Expenses		8,00,000	4,00,000
Other Expenses		2,00,000	1,00,000
Tax Rate 50%

Answer

comparative statement of profit and loss

Particulars	Note No.	31st March, 2021	31st March, 2022	Absolute Change	Percentage Change
Particulars	Note No.	(A)	(B)	(C = B - A)	$\left( D =\frac{C}{A} \times 100\right)$ (%)
I. Revenue from Operations		15,00,000	20,00,000	5,00,000	33.33
II. Expenses
Employee Benefit Expenses		4,00,000	8,00,000	4,00,000	100
Other Expenses		1,00,000	2,00,000	1,00,000	100
Total		5,00,000	10,00,000	5,00,000	100
III. Profit before tax (I - II)		10,00,000	10,00,000	-	-
Less:- Tax (50%)		5,00,000	5,00,000	-	-
IV. Profit after tax (III - IV)		5,00,000	5,00,000	-	-

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4 Marks Question - Accountancy STD 12 Commerce Questions - Vidyadip