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Published on: 25/10/2025
Download CBSE Class 12th Standard CBSE Accountancy question papers, sample papers, important questions, and previous year solved papers in PDF format. Get free study materials, NCERT solutions, and exam preparation resources for Class 12th Standard CBSE Accountancy
Questions + Answers key
Take MCQ Accountancy Test
1.
Prepare a comparative statement of profit and loss from the following information.
| Particulars | 31st March, 2010(Rs.) | 31st March, 2009(Rs.) |
| Revenue from Operations | 50,000 | 40,000 |
| Cost of Revenue from Operations | 35,000 | 30,000 |
| Wages Paid | 14,000 | 16,000 |
| Operating Expenses | 3,000 | 2,500 |
| Other Incomes | 3,000 | 2,000 |
| Income Tax | 7,500 | 4,750 |
2.
From the following information, prepare Common size statement of profit and loss for the year ended March 31, 2016 and March 31, 2017:
| Particulars | 2015-16(Rs.) | 2016-17(Rs.) |
|---|---|---|
| Revenue from operations | 25,00,000 | 20,00,000 |
| Other income | 3,25,000 | 2,50,000 |
| Employee benefit expenses | 8,25,000 | 4,50,000 |
| Other expenses | 2,00,000 | 1,00,000 |
| Income tax (% of the profit before tax) | 30% | 20% |
3.
From the following statement of profit and loss of Madhu Co. Ltd., prepare comparative statement of profit and loss for the year ended March 31, 2016 and 2017:
| Particulars | Note No. | 2015-16(Rs.) | 2016-17(Rs.) |
|---|---|---|---|
| Revenue from operations | 16,00,000 | 20,00,000 | |
| Employee benefit expenses | 8,00,000 | 10,00,000 | |
| Other expenses | 2,00,000 | 1,00,000 | |
| Tax rate 40 % |
4.
Prepare Comparative and Common Size income statement form the following information for the year's enden march 31, 2008 and 2009.
| Particulars | 2008(Rs.) | 2009(Rs.) |
|---|---|---|
| 1. Net Sales | 8,00,000 | 10,00,000 |
| 2. Cost of Goods Sold | 60% of sales | 60% of sales |
| 3. Indirect Expenses | 10% of Gross Profit | 10% of Gross profit |
| 4. Income Tax rate | 5% | 60% |
1.
Comparative Statement of Profit and Loss for the year ended 31st March, 2010
of Profit and Loss for the year ended 31st March,2013
| Particulars | 31st March 2009 (Rs.) | 31st March 2010(Rs.) | Absolute Change (lncrease or Decrease)(Rs) | Percentage Change(lncrease or Decrease) (%) |
| I.Revenue from Operations | 40,000 | 50,000 | 10,000 | 25.00 |
| II. Other Incomes | 2,000 | 3,000 | 1,000 | 50.00 |
| III. Total Revenue (I + II) | 42,000 | 53,000 | 11,000 | 26.19 |
| IV. Expenses | 4,00,000 | 5,00,000 | 1,00,000 | 25% |
| (a) Cost of Revenue from Operations | 30,000 | 35,000 | 5,.000 | 16.67 |
| (b) Operating Expenses | 2,500 | 3,000 | 500 | 20.00 |
| Total Expenses | 32,500 | 38,000 | 5,500 | 16.92 |
| V. Profit before Tax (lII –IV) | 9,500 | 15,000 | 5,500 | 57.89 |
| (–) Income Tax | (4,750) | (7,500) | (2,750) | (57.89) |
| V. Profit after Tax | 4,750 | 7,500 | 2,750 | 57.89 |
2.
| Particulars | Absolute Amounts | Percentage of Net Revenue from operations |
||
|---|---|---|---|---|
| 2015-16 | 2016-17 | 2015-16 | 2016-17 | |
| Rs | Rs. | (%) | (%) | |
| Revenue from Operations | 25,00,000 | 20,00,00 | 100 | 100 |
| (Add) Other income | 3,25,000 | 2,50,000 | 13 | 12.5 |
| Total revenue | 28,25,000 | 22,50,000 | 113 | 112.5 |
| (Less) expenses : | ||||
| a) Employee benefit | 8,25,000 | 4,50,000 | 33 | 22.5 |
| expenses | ||||
| b) Other expenses | 2,00,000 | 1,00,000 | 8 | 5 |
| Profit before tax | 18,00,000 | 17,00,000 | 72 | 85 |
| (Less) taxes | 5,40,000 | 3,40,000 | 21.6 | 17 |
| Profit after tax | 12,60,000 | 13,60,000 | 50.4 | 68 |
3.
| Particulars | 2015-16 | 2016-17 | Absolute Increase (+) or Decrease (–) |
Percentage Increase (+) or Decrease (–) |
|---|---|---|---|---|
| Rs. | Rs. | Rs. | % | |
| I. Revenue from operations | 16,00,000 | 20,00,000 | 4,00,000 | 25 |
| II. Less: Expenses | ||||
| a) Employee benefit expenses | 8,00,000 | 10,00,000 | 2,00,000 | 25 |
| b) Other expenses | 2,00,000 | 1,00,000 | (1,00,000) | (50) |
| Profit before tax | 6,00,000 | 9,00,000 | 3,00,000 | 50 |
| III. Less tax @ 40% | 2,40,000 | 3,60,000 | 1,20,000 | 50 |
| Profit after tax | 3,60,000 | 5,40,000 | 1,80,000 | 50 |
4.
| Particular | 2008 amount | 2009 amount | Change in amount | Change in Percentage |
|---|---|---|---|---|
| Net Sales | 8,00,000 | 10,00,000 | 2,00,000 | 25% |
| Less: C.O.G.S | 4,8,000 | 6,00,000 | 1,20,000 | 25% |
| Gross Profit | 3,20,000 | 4,00,000 | 80,000 | 25% |
| Less: Indirect Experenses | 32,000 | 40,000 | 8,000 | 25% |
| Operating Profit/PBT | 2,88,000 | 3,60,000 | 72,000 | 25% |
| Less: tax | 1,44,000 | 2,16,000 | 72,000 | 50% |
| Priofit after tax | 1,44,000 | 1,44,000 | __________ | __________ |
| Particular | 2008 amount | 2009 amount | Percentage of Net Sales in P.Y | Percentage Net Sales in C.Y |
|---|---|---|---|---|
| Net Sales | 8,00,000 | 10,00,000 | 100% | 100% |
| Less: C.O.G.S | 4,8,000 | 6,00,000 | 60% | 60% |
| Gross Profit | 3,20,000 | 4,00,000 | 40% | 25% |
| Less: Indirect Experenses | 32,000 | 40,000 | 4% | 25% |
| Operating Profit/PBT | 2,88,000 | 3,60,000 | 36% | 25% |
| Less: tax | 1,44,000 | 2,16,000 | 18% | 50% |
| Priofit after tax | 1,44,000 | 1,44,000 | 18% | 14.4% |
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