CBSE Guess > Papers > Important Questions > Class XII > 2010 > Accountancy > Accountancy By Rahul Kadd
CBSE CLASS XII
Q. 85. Prepare Comparative Income Statements of X ltd. with the help of the following information:
| Particulars | 2006 (Rs.) | 2007 (Rs.) |
| Sales | 1,00,000 | 2,00,000 |
| Cost of Good Sold | 60 % of Sales | 70 % of Sales |
| Indirect Expenses | 10% of Gross Profit | |
| Rate of Income Tax | 50% of Net profit before Tax | |
Q. 86. Prepare the Common Size income Statement from the following information:
| Particulars | 31st March 2007 (Rs.) | 31st March, 2008 (Rs.) |
| Sales | 1,05,000 | 1,10,000 |
| Sales return | 5,000 | 10,000 |
| Cost of Good Sold | 70,000 | 74,800 |
| Office and Administrative expenses | 3,000 | 3,200 |
| Selling and Distribution Expenses | 5,000 | 6,600 |
| Non-operating Incomes | 1,000 | 1,100 |
| Non-operating Expenses | 500 | 1,500 |
| Income Tax Rate | 50% | 50% |
Q. 87. Prepare the Common Size Income Statement from the following information:
| 31st March,2007 (Rs.) | 31st March,2008 (Rs.) | |
| Fixed Assets | 6,00,000 | 7,50,000 |
| Investments | 1,00,000 | 1,00,000 |
| Current Assets | 3,00,000 | 2,10,000 |
| Equity Share Capital | 4,00,000 | 4,00,000 |
| Preference Share Capital | 1,00,000 | 1,00,000 |
| Reserves and Surplus | 1,00,000 | 1,50,000 |
| Secured Loans | 2,00,000 | 1,80,000 |
| Unsecured Loans | 1,00,000 | 1,20,000 |
| Current Liabilities | 80,000 | 88,000 |
| Provisions | 20,000 | 22,000 |
Paper By Mr. Rahul Kadd
Email Id : [email protected]
Phone No. : 9212197510
Oscar Academy- BN - 4 (East),
Shalimar Bagh, Delhi-88
