CBSE Class 12 Accountancy 2026: question 31
Set in the CBSE Class 12 board exam of 2026, paper 67/5/1, section B-I, question 31, for 3 marks. Try it first; the hints and our step-by-step solution are below.
Q31 · 3 marks · Short answerAnalysis of Financial Statements
The following information was extracted from the Statement of Profit and Loss of Chaman Ltd. for the year ended 31st March, 2025 :
| Particulars | Note No. | 31.3.2025 (₹) | 31.3.2024 (₹) |
|---|---|---|---|
| Revenue from operations | 40,00,000 | 32,00,000 | |
| Employee Benefit Expenses | 20,00,000 | 16,00,000 | |
| Other Expenses | 2,00,000 | 4,00,000 | |
| Tax Rate 50% |
Prepare a Comparative Statement of Profit and Loss.
Source: official question paper from cbse.gov.in (PDF). See it in the full 2026 board paper, set 67/5/1.
Hints
Open one hint at a time and try again before the next.
Hint 1
Percentage change = absolute change ÷ previous year × 100.
Hint 2
Work out profit before tax first, then tax at 50%.
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 mark
Expenses: 2024 = 16,00,000 + 4,00,000 = ₹ 20,00,000; 2025 = 20,00,000 + 2,00,000 = ₹ 22,00,000. Profit before tax: ₹ 12,00,000 and ₹ 18,00,000; tax at 50%; profit after tax ₹ 6,00,000 and ₹ 9,00,000.
- 2 marks
Comparative Statement of Profit and Loss for the years ended 31st March, 2024 and 2025
Particulars 2023-24 (₹) 2024-25 (₹) Absolute change (₹) % change Revenue from operations 32,00,000 40,00,000 8,00,000 25 Less: Employee benefit expenses 16,00,000 20,00,000 4,00,000 25 Other expenses 4,00,000 2,00,000 (2,00,000) (50) Total expenses 20,00,000 22,00,000 2,00,000 10 Profit before tax 12,00,000 18,00,000 6,00,000 50 Less: Tax @ 50% 6,00,000 9,00,000 3,00,000 50 Profit after tax 6,00,000 9,00,000 3,00,000 50
Answer: Revenue +25%, total expenses +10%, profit before tax ₹ 12,00,000 → ₹ 18,00,000 (+50%), profit after tax ₹ 6,00,000 → ₹ 9,00,000 (+50%)
Where the marks are
- Totals and profits (1 mark)
- Absolute and percentage changes (2 marks)
Revise the chapter
- Chapter: Analysis of Financial Statements (notes, formulas, where marks are lost and every past question)
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