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Prepare Common… (Class 12 Accountancy SQP 2025-26, Q31b)

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AccountancyCBSE Class 12 · Sample paper, session 2025-26 · 3 marks · Short answer

CBSE Class 12 Accountancy sample paper 2025-26: question 31(b)

From the official CBSE sample question paper for 2025-26, section B-I, question 31(b), for 3 marks. Try it first; the hints and our step-by-step solution are below.

Q31(b) · 3 marks · Short answerAnalysis of Financial Statements

Prepare Common Size Statement of Profit and Loss for the year ended March 31, 2025

PARTICULARS31st March, 2025
Revenue from Operations40,00,000
Other Expenses4,00,000
Other Income6,00,000
Employee Benefit Expenses8,00,000
Purchases of Stock in Trade10,00,000
Change in Inventory(2,00,000)
Tax Rate50 %

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2025-26.

Hints

Open one hint at a time and try again before the next.

Hint 1

Every item is shown as a percentage of revenue from operations.

Hint 2

A negative change in inventories reduces expenses.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Revenue from operations is the base (100%). Total income = 40,00,000 + 6,00,000 = ₹ 46,00,000. Expenses = 10,00,000 − 2,00,000 + 8,00,000 + 4,00,000 = ₹ 20,00,000. Profit before tax = ₹ 26,00,000; tax at 50% = ₹ 13,00,000; profit after tax ₹ 13,00,000.

    1 mark

  2. Common Size Statement of Profit and Loss for the year ended 31st March, 2025

    Particulars₹% of revenue from operations
    I. Revenue from Operations40,00,000100
    II. Other Income6,00,00015
    III. Total Income46,00,000115
    Purchases of Stock-in-Trade10,00,00025
    Change in Inventories(2,00,000)(5)
    Employee Benefit Expenses8,00,00020
    Other Expenses4,00,00010
    IV. Total Expenses20,00,00050
    V. Profit before Tax (III − IV)26,00,00065
    Less: Tax @ 50%13,00,00032.5
    VI. Profit after Tax13,00,00032.5
    2 marks

Answer: Total income 115%, total expenses 50%, profit before tax ₹ 26,00,000 (65%), profit after tax ₹ 13,00,000 (32.5%)

Where the marks are

  • Correct totals (1 mark)
  • Percentages of revenue from operations (2 marks)

Revise the chapter

Practise this chapterBoard-style questions from Analysis of Financial Statements, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2025-26: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.