While preparing the Comparative Statemen

CUET Preparation Today

Start Free Mocks

Home Questions A7493CVXU9

Target Exam

CUET

Subject

Accountancy

Chapter

Analysis of Financial Statements

Question:

While preparing the Comparative Statement of Profit and Loss, the following information was available:

₹20,00,000 Revenue from Operations on 31.3.2020
₹14,00,000 Revenue from Operations on 31.2021

Find out the percentage change.

Options:

(20%) Negative

(10%) Negative

(30%) Negative

(40%) Negative

Correct Answer:

(30%) Negative

Explanation:

The correct answer is option 3- (30%) Negative.

₹20,00,000 Revenue from Operations on 31.3.2020
₹14,00,000 Revenue from Operations on 31.2021

Change = Revenue from Operations on 31.3.2020 - Revenue from Operations on 31.2021
= 20,00,000 - 14,00,000
= ₹6,00,000 (negative)

% change = 6,00,000/20,00,000 x 100
= 30%