CUET Preparation Today
CUET
Accountancy
Analysis of Financial Statements
READ THE FOLLOWING INFORMATION AND ANSWER THE GIVEN QUESTION. ABC Ltd is running an advertising business. Encouraged by substantial profits, company decided to donate ₹1,00,000 to an old age home in the locality where the company had its head office. Following particulars are obtained from the company's books:
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What is the % of change in revenue from operations and in what direction? |
10% increase 20% increase 20% decrease 33% increase |
20% increase |
The correct answer is option 2- 20% increase. Change in revenue from operations= 18,00,000-15,00,000 % Of change = Change in revenue from operations /Revenue of operations of previous year x 100 Thus, there is an increase of 20%. |