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

Question No. 12 - Chapter No.3 - T.S. Grewal +2 Book Part B

Question 12 Chapter 3 of +2-B

Comparative Statement of Profit and Loss (Income Statement)

12. From the following information, prepare Comparative Statement of Profit and Loss showing an increase, decrease and percentage:

 Particulars 31st March 2019 31st March 2018 Cost of Materials Consumed 13,44,000 6,00,000 Revenue from Operations (% of Materials Consumed) 125% 200% Other Expenses (% of Operating Revenue) 10% 10% Tax Rate 50% 50%

### The solution of Question 12 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 1 12,00,000 16,80,000 4,80,000 40.00% II. Expenses (a) Cost of Materials Consumed 2 6,00,000 13,44,000 7,44,000 124.00% (b) Other Expenses 1,20,000 1,68,000 48,000 40.00% Total Expenses 7,20,000 15,12,000 7,92,000 110.00% III. Profit before Tax (III-IV) 4,80,000 1,68,000 (3,12,000) (65.00%) IV. Less: Tax @50% 2,40,000 84,000 (1,56,00) (65.00%) V. Profit after Tax (V-VI) 2,40,000 84,000 (1,56,00) (65.00%)

Notes to Accounts:-

 Particulars 31st March,2018 31st March,2019 1. Revenue From Operations (% of Cost of Materials Consumed)* 12,00,000 16,80,000 12,00,000 16,80,000 2. Other Expenses (% of Revenue from Operations)* 1,20,000 1,68,000 1,20,000 1,68,000

Note:-

* The amount is calculated on the basis of Percentage given in the question. The percentage for the year ended 31st March 2018 is 200% and For the year ended 31st March 2019 is 125%.

* The amount is calculated on the basis of Percentage given in the question. The percentage for the year ended 31st March 2018 is 10% and For the year ended 31st March 2019 is 10%.

Balance Sheet: Meaning, Format & Examples

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