Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Analysis of Financial Statements

Question:

A company’s shareholders fund was ₹8,00,000 in the year 2021. It becomes ₹10,00,000 in the year 2022. What is the percentage of change?

Options:

25%

100%

50%

33.3%

Correct Answer:

25%

Explanation:

The correct answer is option 1- 25%.

% OF CHANGE = (CHANGE IN FIGURE/PREVIOUS YEAR FIGURE) x 100

Change = 10,00,000 - 8,00,000
             = ₹2,00,000

% OF CHANGE = (2,00,000/8,00,000) x 100
                        = 1/4 x 100
                       = 25%