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# Question 11 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question No. 11 - Chapter No.3 - T.S. Grewal +2 Book Part B-min

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Question 11 Chapter 3 of +2-B

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Comparative Statement of Profit and Loss (Income Statement)

11. From the following information, prepare Comparative Statement of Profit and Los:

 Particulars 31st March 2019 31st March 2018 Revenue from Operations 30,00,000 20,00,000 Other Income (% of Revenue from Operations) 12% 20% Expenses (% of Operating Revenue) 70% 60% Tax Rate 40% 40%

### The solution of Question 11 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. Revenue from Operations (Net Sales) 20,00,000 30,00,000 10,00,000 20.00% II. Other Income 1 4,00,000 3,60,000 (40,000) 10.00% III. Total Revenue (I+II) 24,00,000 33,60,000 9,60,000 40.00% IV. Expenses 2 12,00,000 21,00,000 9,00,000 75.00% V. Profit before Tax (III-IV) 12,00,000 12,60,000 60,000 05.00% VI. Less: Tax @40% 4,80,000 5,04,000 24,000 05.00% VII. Profit after Tax (V-VI) 7,20,000 7,56,000 36,000 05.00%

Working note:

 Particulars 31st March,2018 31st March,2019 1. Other Income (% of Revenue from Operations) * 4,00,000 3,60,000 4,00,000 3,60,000 2. Expenses (% of Revenue from Operations) * 12,00,000 21,00,000 12,00,000 21,00,000

Note:-

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* The amount is calculated on the basis of Percentage given in the question. The percentage for the year ended 31st March 2018 is 20% and For the year ended 31st March 2019 is 12%.

* The amount is calculated on the basis of Percentage given in the question. The percentage for the year ended 31st March 2018 is 60% and For the year ended 31st March 2019 is 70%.

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 (Vol. II: Accounting for Companies)

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