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Revision Notes for Class 12 Accountancy Part 2 Chapter 4 Analysis of Financial Statements
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Part 2 Chapter 4 Analysis of Financial Statements Notes Class 12 Accountancy
Hint: Direct expenses are ignored since they are already included in the cost of goods sold.
Prepare a Comparative Income Statement from the following information
Question--
Solution 3.
Comparative Income Statement
for the years ended on 31st March 2009 and 2010
Note: Wages is a direct expense. It is ignored because it is already included in the cost of goods sold.
1. From the following details make out a comparative and common size statements:
Particulars 2011 ` 2012 `
Revenue from operations 16,00,000 20,00,000
Cost of Goods Sold 8,00,000 10,00,000
Indirect Expenses 2,00,000 1,00,000
Tax rate 40%
Solution:
Comparative Income Statement
2. Prepare a comparative and common size income statement with the help of the following information:
Particulars 2011 ` 2012 `
Revenue from operations 8,00,000 10,00,000
Cost of material 4,00,000 6,00,000
Employee benefit expense 1,50,000 2,00,000
Provision for Tax 1,00,000 1,30,000
Solution:
Comparative Income Statement
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CBSE Class 12 Accountancy Important Formulas |
CBSE Class 12 Accountancy Accounting For Not For Profit Organisations Notes Set A |
CBSE Class 12 Accountancy Accounting For Not For Profit Organisations Notes Set B |
CBSE Class 12 Accountancy Accounting For Partnership Firms Admission Of A Partner Notes |
CBSE Class 12 Accountancy Accounting For Partnership Firms Fundamentals Notes |
CBSE Class 12 Accountancy Reconstitution Of Partnership Notes |
CBSE Class 12 Accountancy Retirement Or Death Of A Partner Notes |
CBSE Class 12 Accountancy Dissolution Of A Partnership Firm Notes |
CBSE Class 12 Accountancy Accounting For Debentures Notes |
CBSE Class 12 Accountancy Redemption Of Debenture Notes |
CBSE Class 12 Accountancy Financial Statement Of Companies Notes |
CBSE Class 12 Accountancy Analysis Of Financial Statements Notes |
CBSE Class 12 Accountancy Partnership Common Size And Comparative Statements Notes |
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CBSE Class 12 Accountancy Part 2 Chapter 4 Analysis of Financial Statements Notes
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Notes for Accountancy CBSE Class 12 Part 2 Chapter 4 Analysis of Financial Statements
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Part 2 Chapter 4 Analysis of Financial Statements Notes for Accountancy CBSE Class 12
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Part 2 Chapter 4 Analysis of Financial Statements CBSE Class 12 Accountancy Notes
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Notes for CBSE Accountancy Class 12 Part 2 Chapter 4 Analysis of Financial Statements
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