Analysis of Financial Statements · Class 12 · CBSE · Commerce Accountancy
While preparing a Comparative Statement of Profit and Loss, if Revenue from Operations for the previous year is Rs. 10,00,000 and for the current yea…
Practice question from Analysis of Financial Statements (Class 12 · CBSE · Commerce Accountancy), with the correct answer and a step-by-step solution.
easy · MCQ · Q-5349DB
While preparing a Comparative Statement of Profit and Loss, if Revenue from Operations for the previous year is Rs. 10,00,000 and for the current year is Rs. 15,00,000, what is the percentage change?
- A.33.33%
- B.50.00%Correct answer
- C.66.67%
- D.150.00%
Solution
Absolute Change = Current Year (10,00,000) = Rs. 5,00,000. Percentage Change = (Absolute Change / Previous Year) 100 = (10,00,000) 100 = 50.00%.
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