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

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

Question 10 Chapter 3 of +2-B

Comparative Statement of Profit and Loss (Income Statement)

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

 Particulars Note No. 31st March 2019 31st March 2018 I. Income Revenue from Operations(Net Sales) 3,00,000 2,50,000 II. Expenses Purchases of Stock-in-Trade 1,20,000 1,00,000 Change in Inventories of WIP and Finished Goods -2,000 5,000 Employee Benefit Expenses (Wages) 30,000 25,000 Other Expenses 22,000 20,000 Total 1,70,000 1,50,000 III. Net Profit after Tax (III-IV) 1,30,000 1,00,000

### 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) AbsoluteChange(Increase/Decrease)(C=B-A)(5) Percentage Change (Increase/Decrease)(D=C/A x 100)(6) I. Income Revenue from Operations (Net Sales) 2,50,000 3,00,000 50,000 20.00% II. Expenses Cost of Materials Consumed 1,00,000 1,20,000 20,000 20.00% Change in Inventories of WIP andFinished Goods 5,000 (2,000) (7,000) (140.00%) Employee Benefit Expenses (wages) 25,000 30,000 5,000 20.00% Other Expenses 20,000 22,000 2,000 10.00% Total 1,50,000 1,70,000 20,000 13.33% III. Profit before Tax (I-II) 1,00,000 1,30,000 30,000 30.00%

Balance Sheet: Meaning, Format & Examples

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