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Solve the Following: - Book Keeping and Accountancy

Sum

Solve the following :
If office expenses of two different periods are Rs 4,000 and Rs 5,000 respectively and sales for same two periods are Rs 1,00,000 and Rs 2,00,000 respectively then what is absolute change and percentage?

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Solution

 Absolute Change in Office Expenses = Office Expenses of Current Year - Office Expenses of Previous Year
Absolute Change in Office Expenses = 5,000 - 4,000 = Rs.1,000

 % Change in Office Expenses = `"Absolute Change in Office Expenses"/"Expenses of Previous Year"` x 100

 % Change in Office Expenses = `[1,000]/[4,000]` x 100

% Change in Office Expenses = 25%

Absolute Change in Sales = Sales Of Current Year - Sales Of Previous Year

Absolute Change in Sales = 200,000 - 100,000 = Rs. 100,000

% Change in Sales = `"Absolute Change in Sales"/"Sales Of Previous Year"` x 100

% Change in Sales = `[100,000]/[100,000]` x 100

% Change in Sales = 100%

Concept: Comparative Statements
  Is there an error in this question or solution?
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APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 12 Analysis of Financial Statements
Exercise | Q 5 | Page 386
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