Multiple Choice Questions on From the Statement of Profit and Loss the change in Net Profit After Tax is Particulars nb........... for SEBI Grade A ( Officer) Exam Preparation

Back to Main Page

Multiple Choice Questions

From the Statement of Profit and Loss the change in Net Profit After Tax is Particulars nb...........

Finance (Phase -I & II) Analysis of Financial Statements
    Download Solution PDF

    From the Statement of Profit and Loss, the % change in Net Profit After Tax is :

    Particulars                                31st March, 2019          31st March, 2018

    I. Income                       

    Revenue from Operations                          3,50,000               3,00,000

    II. Expenses                            

    Purchases of Stock-in-Trade                     2,10,000     1,80,000

    Change in Inventories of Stock-in-Trade  15,000                  20,000

    Employees Benefits Expenses                  17,500                  15,000

    Other Expenses                                          7,500                    5,000

    Total                                                              2,50,000               2,20,000

    III. Profit before Tax (I-II)                            1,00,000               80,000

    IV. Less: Tax                                                30,000                  24,000

    V. Profit after Tax (III-IV)                             70,000                  56,000

    20%

    Incorrect Answer

    25%

    Correct Answer

    30%

    Incorrect Answer

    40%

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Analysis of Financial Statements
    Prepare through Micro-courses
    Try Now
    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:

    3,00,000     3,50,000               50,000                  16.67

    II. Expenses:

    a. Purchase of Stock-in-Trade-

    1,80,000     2,10,000               30,000                  16.67

    b. Changes in Inventories of Stock-in-Trade:

    20,000        15,000                  (5,000)                  (25.00)

    c. Employees Benefit cost:

    15,000        17,500                  2,500                    16.67

    d. Other Expenses

    5,000          7,500                    2,500                    50.00

    Total:                2,20,0002,50,000                    30,000                  13.67

    Profit before Income Tax (I-II):

                                  80,000        1,00,000               20,000                  25.00

    Less: Income Tax:        

    24,000        30,000                  6,000                    25.00

    Profit after Income Tax

    56,000        70,000                  14,000                  25.00

    By: Vikas Goyal
    ProfileResources

    Let's Discuss

    Master
    Analysis of Financial Statements
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free