Multiple Choice Questions on From the following Information the Change in Total Revenue and Net Profit After tax is Particul........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

From the following Information the Change in Total Revenue and Net Profit After tax is Particul...........

Costing - Phase (I & II) Overview of Cost and Management Accounting
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    From the following Information, the % Change in Total Revenue and Net Profit After tax is:

     Particulars                              31st March, 2019           31st March, 2018

    Revenue from Operations      ? 30,00,000                    ? 20,00,000

    Other Income (% of Revenue from Operations):

    12%                                20%

    Expenses (% of Operating Revenue):     

    70%                                60%

    Tax Rate                                  40%                                40%

    30%; 5%

    Incorrect Answer

    40%;5%

    Correct Answer

    20%;10%

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    Comparative Income Statement for the year ended March 31, 2018 and 2019

    Particulars           2018            2019                      Absolute            Percentage

                                  (Rs)              (Rs)                      Change               Change  (%)

    I. Revenue from operations

                        20,00,000             30,00,000             10,00,000             50.00

    II. Other Income

    4,00,000               3,60,000               (40,000)                (10.00)

    III. Total Revenue (I + II)

    24,00,000             33,60,000             9,60,000               40.00

    IV. Expenses

    12,00,000             21,00,000             9,00,000               75.00

    Profit before Income Tax

    12,00,000             12,60,000             60,000                  5.00

    Less: Income Tax @ 40%

    4,80,000               5,04,000               24,000                  5.00

    Profit after Income Tax

    7,20,000               7,56,000               36,000                  5.00

    By: Vikas Goyal
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