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Prepare Common… (Class 12 Accountancy SQP 2026-27, Q31B)

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AccountancyCBSE Class 12 · Sample paper, session 2026-27 · 3 marks · Short answer

CBSE Class 12 Accountancy sample paper 2026-27: question 31(B)

From the official CBSE sample question paper for 2026-27, 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, 2026

PARTICULARS31st March 2026 (₹)
Revenue from Operations6,00,000
Indirect Expense25% of gross profit
Cost of Revenue from Operations4,00,000
Other incomes30,000
Income tax30%

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2026-27.

Hints

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

Hint 1

Indirect expenses are a percentage of gross profit, not of revenue.

Hint 2

All percentages are of revenue from operations, so total revenue can exceed 100%.

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. Gross profit = ₹ 6,00,000 − ₹ 4,00,000 = ₹ 2,00,000; indirect expenses = 25% = ₹ 50,000. Tax at 30% of profit before tax.

    1 mark

  2. Common Size Statement of Profit and Loss for the year ended 31st March, 2026

    Particulars₹% of revenue from operations
    Revenue from operations6,00,000100
    Other income30,0005
    Total revenue6,30,000105
    Cost of revenue from operations4,00,00066.67
    Indirect expenses50,0008.33
    Total expenses4,50,00075
    Profit before tax1,80,00030
    Less: Tax (30%)54,0009
    Profit after tax1,26,00021
    2 marks

Answer: Total revenue ₹ 6,30,000 (105%); expenses ₹ 4,50,000 (75%); PBT ₹ 1,80,000 (30%); tax ₹ 54,000 (9%); PAT ₹ 1,26,000 (21%)

Where the marks are

  • Indirect expenses from gross profit (1 mark)
  • Common size statement (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 2026-27: 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.