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Question 10 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question 10 Chapter 3 of +2-B
Question No. 10 - Chapter No.3 - T.S. Grewal +2 Book Part B-min

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Question 10 Chapter 3 of +2-B

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Comparative Statement of Profit and Loss (Income Statement)

10. Prepare Comparative Statement of Profit and Loss from the Following Statement of Profit and Loss:

ParticularsNote No.31st March 201931st March 2018
I. Income   
Revenue from Operations(Net Sales) 3,00,0002,50,000
II. Expenses   
Purchases of Stock-in-Trade 1,20,0001,00,000
Change in Inventories of WIP and Finished Goods -2,0005,000
Employee Benefit Expenses (Wages) 30,00025,000
Other Expenses 22,00020,000
Total 1,70,0001,50,000
III. Net Profit after Tax (III-IV) 1,30,0001,00,000

The solution of Question 10 Chapter 3 of +2-B: – 

Comparative Balance Sheet of Sun Ltd.

Particulars

(1)


Note no.
(2)
31st March,
2018
(A)
(3)
31st March,
2019
(B)
(4)
Absolute
Change

(Increase/
Decrease)

(C=B-A)
(5)

Percentage
Change

(Increase/
Decrease)

(D=C/A x 100)
(6)
I. Income     
Revenue from Operations (Net Sales) 2,50,0003,00,00050,00020.00%
II. Expenses     
Cost of Materials Consumed 1,00,0001,20,00020,00020.00%
Change in Inventories of WIP and
Finished Goods
 5,000(2,000)(7,000)(140.00%)
Employee Benefit Expenses (wages) 25,00030,0005,00020.00%
Other Expenses 20,00022,0002,00010.00%
Total 1,50,0001,70,00020,00013.33%
III. Profit before Tax (I-II) 1,00,0001,30,00030,00030.00%

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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