# Question 14 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question No. 14 - Chapter No.3 - T.S. Grewal +2 Book Part B

Question 14 Chapter 3 of +2-B

Comparative Statement of Profit and Loss (Income Statement)

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

 Particulars 31st March, 31st March, 2019 2018 Revenue from Operations 37,50,000 25,00,000 Other Income 4,50,000 5,00,000 Cost of Materials Consumed 22,50,000 12,50,000 Other Expenses 3,75,000 2,50,000 Tax Rate 50% 50%

### The solution of Question 14 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 25,00,000 37,50,000 12,50,000 50.00% Other Income 5,00,000 4,50,000 (50,000) (10.00%) Total Revenue 30,00,000 42,00,000 12,00,000 40.00% II. Expenses (a) Cost of Materials Consumed 12,50,000 22,50,000 10,00,000 80.00% (b) Other Expenses 2,50,000 3,75,000 1,25,000 50.00% Total Expenses 15,00,000 26,25,000 5,000 75.00% III. Profit before Tax (I-II) 15,00,000 15,75,000 75,000 05.00% IV. Less: Tax 50% 7,50,000 7,87,500 37,500 05.00% V. Profit After Tax (I-II) 7,50,000 7,87,500 37,500 05.00%

Balance Sheet: Meaning, Format & Examples

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