From the following information, prepare a Comparative Statement of Profit and Loss of X Ltd. for the year ended 31st March, 2024. Particulars 2023-24 2022-23 Revenue from operations ₹40,00,000 ₹20,00,000 Cost of revenue from operation 60% of Revenue from operations 50% of Revenue from operations Employees Benefit Expenses ₹8,00,000 ₹6,00,000 Tax Rate 25% 25% Marks-3, … Read more
From the following Balance Sheet of Nayak Ltd. prepare a Comparative Balance Sheet: Balance Sheet of Nayak Ltd. as at 31st March, 2024 Particulars 31.3.2024 (₹) 31.3.2023 (₹) I Equity and Liabilities : 1. Shareholder’s Funds Share Capital 6,00,000 4,00,000 2. Non-Current Liabilities Long-term borrowings 2,25,000 1,50,000 3. Current Liabilities Trade Payables Total II Assets: … Read more
From the following information, prepare a Common Size Statement of Profit and Loss of QLM Ltd. for the year ended 31st March, 2023 and 31st March, 2024. Particulars 2022-23 (₹) 2023-24 (₹) Revenue from operations 40,00,000 50,00,000 Cost of revenue from operations 20,00,000 25,00,000 Other expenses 4,00,000 5,00,000 Tax Rate 50% Marks-3, CBSE: 2024-25/Zone-6/Set-1/Q-32 Answer … Read more
From the following information of KL Ltd., prepare a Common Size Statement of Profit and Loss for the year ended 31st March, 2024 : Particulars Amount (₹) Revenue from Operations 20,00,000 Other Income 5,00,000 Cost of Materials Consumed 12,00,000 Employee Benefit Expenses 6,00,000 Depreciation 2,00,000 Marks-3, CBSE: 2024-25/Zone-4/Set-1/Q-32 Answer : The solution is available on … Read more
From the following information, prepare a Comparative Statement of Profit and Loss of Smart Ltd. Particulars 2023-24 (₹) 2022-23 (₹) Revenue from operations 24,00,000 20,00,000 Cost of materials consumed 6,00,000 4,00,000 Employee benefit expenses 4,00,000 2,00,000 Tax Rate 50% Marks-3, CBSE: 2024-25/Zone-2/Set-1/Q-32 Answer : The solution is available on our Mobile App Back
From the following information of CN Ltd., prepare a common size Statement of Profit and Loss for the years ended 31st March, 2023 and 31st March, 2024: Particulars 2023-24(₹) 2022-23(₹) Revenue from operations 40,00,000 20,00,000 Purchase of stock-in-trade 8,00,000 4,00,000 Other expenses 4,00,000 2,00,000 Tax @ 50% Marks-3, CBSE: 2024-25/Zone-1/Set-1/Q-32 Answer : The solution is … Read more
Complete the Comparative Statement of Profit and Loss: Particulars 2022-23 2023-24 Absolutechange %Change Revenue from Operations 16,00,000 20,00,000 ? ? Less: Employees Benefit Expenses 8,00,000 ? ? 25% Less: Other Expenses 2,00,000 ? (1,00,000) ? Profit before tax 6,00,000 ? ? 50% Tax @30% ? ? 90,000 ? Profit after tax 4,20,000 ? 2,10,000 ? … Read more
From the following particulars of Accent Ltd., prepare a Comparative Statement of Profit and Loss for the year ended 31st March, 2023: Particulars Note No. 2022 – 23(₹) 2021 – 22(₹) Revenue from operations 25,00,000 20,00,000 Employee benefit expenses 5,00,000 4,00,000 Other expenses 2,50,000 2,00,000 Tax rate 50% Marks-4, CBSE: 2023-24/Compartment/Set-1/Q-33b* Answer : The solution … Read more
From the given Balance Sheet of Moonlight Ltd., prepare a Common Size Balance Sheet: Balance Sheet of Moonlight Ltd. as at 31st March, 2023 Particulars 31.03.2023 (₹) 31.03.2022 (₹) I – Equity and Liabilities: Shareholders’ Funds Share Capital 12,00,000 5,00,000 Non-Current Liabilities: Long-term Borrowings Current Liabilities Trade Payables 2,00,0006,00,000 3,00,0002,00,000 Total 20,00,000 10,00,000 II – … Read more
From the following information prepare a Common Size Statement of Profit and Loss of A Ltd. and B Ltd. For the year ended 31st March, 2023: Particulars A Ltd. B Ltd. Revenue from OperationsOther IncomeExpensesTax Rate Rs.Rs.Rs. 20,00,0003,00,00010,40,00040 % 10,00,00080,0004,80,00040 % Marks-4, CBSE: 2023-24/Zone-5/Set-1/Q-33b* Answer : The solution is available on our Mobile App Back