Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Analysis of Financial Statements

Question:

Read the following data given in the books of ABC Ltd and answer the question given below.

Particulars 2022 2021
Revenue from operations ₹15,00,000 ₹12,00,000
Other Income ₹30,000 ₹20,000
Cost of Materials Consumed ₹7,00,000 ₹5,50,000

 

What is the change in revenue from operations?

Options:

₹3,00,000 Increase

₹3,00,000 decrease

₹4,00,000 Increase

₹4,00,000 decrease

Correct Answer:

₹3,00,000 Increase

Explanation:

The correct answer is option 1 i.e. ₹3,00,000 Increase

Increase = 15,00,000-12,00,000
              = ₹3,00,000

Revenue is increased in year 2022 from the year 2021 so there is an increase.