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Question 13 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question 13 Chapter 3 of +2-B
Question No. 13 - Chapter No.3 - T.S. Grewal +2 Book Part B

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Question 13 Chapter 3 of +2-B

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Comparative Statement of Profit and Loss (Income Statement)

13. From the following Statement of Profit and Loss, prepare comparative
Statement of Profit and Loss:

ParticularsNote No.31st March, 31st March,
  20192018
I. Income   
Revenue from Operations(Net Sales) 50,00,00040,00,000
II. Expenses   
Purchases of Stock-in-Trade 34,00,00028,50,000
Change in Inventories of Stock-in-Trade11,00,0001,50,000
Employee Benefit Expenses  1,00,0001,00,000
Other Expenses22,00,0001,50,000
Total 38,00,00032,50,000
III. Net Profit after Tax (I-II) 12,00,0007,50,000

Notes to Accounts:-

Particulars31st March,31st March, 
 20192018
1. Change in Inventories of Stock-in-Trade  
Opening Inventory 2,00,0003,50,000
Less: Closing Inventory1,00,0002,00,000
 1,00,0001,50,000
2. Other Expenses  
Administrative Expenses5000050000
Selling and Distribution Expenses1,50,0001,00,000
 2,00,0001,50,000

 

The solution of Question 13 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 40,00,00050,00,00010,00,00025.00%
II. Expenses     
(a) Purchases of Stock-in-Trade 28,50,00034,00,0005,50,00019.30%
(b) Change in inventories of Stock-in-Trade 1,50,0001,00,000(50,000)(33.33%)
(c) Employees Benefit Expenses 1,00,0001,00,000  
(d) Other Expenses 1,50,0002,00,00050,00033.33%
Total Expenses 32,50,00038,00,0005,50,00016.92%
V. Profit after Tax (V-VI) 7,50,00012,00,0004,50,00060.00%

 

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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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