Advertisement

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

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

Advertisement

Question 12 Chapter 3 of +2-B

Advertisement

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:

Particulars31st March 201931st March 2018
Cost of Materials Consumed 13,44,0006,00,000
Revenue from Operations (% of Materials Consumed)125%200%
Other Expenses (% of Operating Revenue)10%10%
Tax Rate50%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)
Absolute
Change

(Increase/
Decrease)

(C=B-A)
(5)

Percentage
Change

(Increase/
Decrease)

(D=C/A x 100)
(6)
I. Revenue from Operations112,00,00016,80,0004,80,00040.00%
II. Expenses     
(a) Cost of Materials Consumed26,00,00013,44,0007,44,000124.00%
(b) Other Expenses 1,20,0001,68,00048,00040.00%
Total Expenses 7,20,00015,12,0007,92,000110.00%
III. Profit before Tax (III-IV) 4,80,0001,68,000(3,12,000)(65.00%)
IV. Less: Tax @50% 2,40,00084,000(1,56,00)(65.00%)
V. Profit after Tax (V-VI) 2,40,00084,000(1,56,00)(65.00%)

 

Advertisement-X

 

Notes to Accounts:-

 

Particulars

31st March,
2018
31st March,
2019
1. Revenue From Operations  
(% of Cost of Materials Consumed)*12,00,00016,80,000
 12,00,00016,80,000
2. Other Expenses  
(% of Revenue from Operations)*1,20,0001,68,000
 1,20,0001,68,000

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%.

 

Advertisement-X

Balance Sheet: Meaning, Format & Examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

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

Advertisement

Advertisement

error: Content is protected !!