मराठी
CBSEArts (English Medium) Class 12
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पाठ्यपुस्तक उत्तरे२०३१८
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संकल्पना स्पष्टीकरण आणि व्हिडिओ६१४
टाइम टेबल२५
अभ्यासक्रम

Statement of Profit and Loss

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CBSE: Class 12
CISCE: Class 12

Format: Statement of Profit & Loss

                                                                  FORMAT OF STATEMENT OF PROFIT AND LOSS

Name of the Company............................

Profit and loss statement for the year ended..............................

Particulars Note No. Figures for the current reporting period Figures for the previous reporting period
I. Revenue from operations   xxx xxx
II. Other Income   xxx xxx
III. Total Income (I + II)   xxx xxx
IV. Expenses:      
Cost of materials consumed   xxx xxx
Purchases of Stock-in-Trade   xxx xxx
Changes in inventories of finished goods, work-in-progress and Stock-in-Trade   xxx xxx
Employee benefits expenses   xxx xxx
Finance costs   xxx xxx
Depreciation and amortisation expenses   xxx xxx
Other expenses   xxx xxx
Total expenses   xxx xxx
V. Profit before Tax (III – IV)   xxx xxx
VI. Less: Tax   (xxx) (xxx)
VII. Profit after Tax (V – VI)   xxx xxx

Related QuestionsVIEW ALL [25]

Under which heads and sub-heads the following items will appear in the Balance Sheet of Company as per Schedule III, Part-I of the Companies Act, 2013:

  1. Loose tools
  2. Calls-in-Advance
  3. Capital Reserve

Mention the heading and sub-heading under which Vehicles are shown in the Balance Sheet of a company prepared as per Schedule III of the Companies Act, 2013.

Balance Sheet of Sameer, Yasmin and Saloni as at 31.3.2016
Liabilities Amount (₹) Amount (₹) Assets Amount (₹) Amount (₹)
Creditors   1,10,000 Cash   80,000
General Reserve   60,000 Debtors 90,000 80,000
Capitals:   7,00,000 Less: Provision  10,000
Sameer 3,00,000 Stock   1,00,000
Yasmin 2,50,000 Machinery   3,00,000
Saloni 1,50,000 Building   2,00,000
      Patents   60,000
      Profit and Loss Account   50,000
    8,70,000     8,70,000

On the above date, Sameer retired and it was agreed that:

  1. Debtors of 4,000 will be written off as bad debts and a provision of 5% on debtors for bad and doubtful debts will be maintained.
  2. An unrecorded creditor of 20,000 will be recorded.
  3. Patents will be completely written off and 5% depreciation will be charged on stock, machinery and building.
  4. Yasmin and Saloni will share future profits in the ratio of 3 : 2.
  5. Goodwill of the firm on Sameer’s retirement was valued at ₹ 5,40,000.

Pass necessary journal entries for the above transactions in the books of the firm on Sameer’s retirement.

Tractors India Ltd. is registered with an authorized capital of Rs10,00,000 divided into 1,00,000 equity shares of Rs 10 each. The company issued 50,000 equity shares at a premium of Rs 5 per share. Rs 2 per share were payable with the application, Rs 8 per share including premium on the allotment and the balance amount on first and final call. The issue was fully subscribed and all the amount due was received except the first and final call money on 500 shares allotted to Balaram. Present the 'Share Capital in the Balance Sheet of Tractors India Ltd. as per Schedule VI Part I of the Companies Act, 1956, Also prepare Notes to Accounts for the same.

Under which heads the following items will be placed in the Balance Sheet of a company as per Schedule VI part I of the Companies Act, 1956?

(1) Cash in hand
(2) Mining Rights
(3) Short-term deposits
(4) Debenture Redemption Reserve
(5) Income received in advance
(6) The balance of the Statement of Profit and Loss
(7) Office Equipment and
(8) Work-in-progress.

Classify the following items under Major heads and Sub-head (if any) in the Balance Sheet of a Company as per schedule III of the Companies Act 2013.

  1. Current maturities of long-term debts
  2. Furniture and Fixtures
  3. Provision for Warranties
  4. Income received in advance
  5. Capital Advances
  6. Advances recoverable in cash within the operation cycle

Name the major heads and sub-heads under which the following items will be presented in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013 :

  1. Goodwill
  2. Debenture Redemption Reserve
  3. Licenses and Franchise

Following is the Balance Sheets of Solar Power Ltd as at 31.3.2014 :

Solar Power Ltd.
Balance Sheet
Particulars Note
No.

31-3-2014

Rs

31-3-2014

Rs

I. Equity and Liabilities

   1. Shareholder’s Funds

     a. Share Capital

     b. Reserve and Surplus

   2. Non - Current Liabilities

     a. Long-term borrowings

  3. Current Liabilities

    a. Trade Payables

    b. Short Term Provisions

  

 

 

24,00,000

6,00,000

 

4,80,000

 

3,58,000

1,00,000

 

 

22,00,000

4,00,000

 

3,40,000

 

4,08,000

1,54,000
Total   39,38,000 35,02,000

II. Assets

1. Non – Current Assets

  a) Fixed Assets

    (i) Tangible assets

    (ii) Intangible

  b) Non – Current Investments

2. Current Assets

  a) Current Investment

  b) Inventories

  c) Trade Receivables

  d)Cash and Cash

  

 

 

21,40,000

80,000

 

 

 

4,80,000

2,58,000

3,40,000

6,40,000

 

 

17,00,000

2,24,000

 

 

 

3,00,000

2,42,000

2,86,000

7,50,000
Total   39,38,000 35,02,000

Notes to Accounts

Note
No		 Particulars As On
31-3-2014		 As On
31-3-2013

1

 

Reserve and Surplus

(Surplus i.e. Balance in Statement of Profit and Loss)

6,00,000

 

4,00,000

 

2

 

 

Tangible Assets

Machinery

   Less: Accumulated Depreciation

 

25,40,000

(4,00,000)

 

20,00,000

(3,00,000)

3

 

Intangible Assets

Goodwill

 

80,000

 

2,24,0000

Additional Information:-

During the year a piece of machinery, costing Rs 48,000 on which accumulated depreciation was Rs 32,000, was sold at Rs 12,000.

Prepare Cash Flow Statement.

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