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Home Questions QJDKXE8T7C
Target Exam

CUET

Subject

Accountancy

Chapter

Analysis of Financial Statements

Question:

Read the following information and answer the questions.

Particulars Year 2024
Amount (₹) 		Year 2023
Amount (₹)
Revenue from operations 25,00,000 20,00,000
Other income 1,00,000 5,00,000
Employee benefit expenses 60% of total revenue 50% of total revenue
Other expenses 10% of employee benefit expenses 20% of employee benefit expenses
Tax rate 50% 40%

What is the percentage in change in total revenue?

Options:

2%

3%

4%

5%

Correct Answer:

4%

Explanation:

The correct answer is option 3- 4%.

2023:
Revenue from operations in year = 20,00,000
Other income in year = 5,00,000
Total income = Revenue from operations + Other income
                     = 20,00,000 + 5,00,000
                     = 25,00,000

2024:
Revenue from operations in year = 25,00,000
Other income in year = 1,00,000
Total income = Revenue from operations + Other income
                     = 25,00,000 + 1,00,000
                     = 26,00,000

Change in total income = Total income in 2024 - Total income in 2023
                                      = 26,00,000 - 25,00,000
                                      = 1,00,000

Percentage change in total income = Change in total income/Total income in 2023 x 100
                                                          = 1,00,000/25,00,000 x 100
                                                          = 4%

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