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

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

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Question 14 Chapter 3 of +2-B

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Comparative Statement of Profit and Loss (Income Statement)

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

Particulars31st March, 31st March,
 20192018
Revenue from Operations37,50,00025,00,000
Other Income4,50,0005,00,000
Cost of Materials Consumed22,50,00012,50,000
Other Expenses3,75,0002,50,000
Tax Rate50%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)
Absolute
Change

(Increase/
Decrease)

(C=B-A)
(5)

Percentage
Change

(Increase/
Decrease)

(D=C/A x 100)
(6)
I. Income     
Revenue from Operations 25,00,00037,50,00012,50,00050.00%
Other Income 5,00,0004,50,000(50,000)(10.00%)
Total Revenue 30,00,00042,00,00012,00,00040.00%
II. Expenses     
(a) Cost of Materials Consumed 12,50,00022,50,00010,00,00080.00%
(b) Other Expenses 2,50,0003,75,0001,25,00050.00%
Total Expenses 15,00,00026,25,0005,00075.00%
III. Profit before Tax (I-II) 15,00,00015,75,00075,00005.00%
IV. Less: Tax 50% 7,50,0007,87,50037,50005.00%
V. Profit After Tax (I-II) 7,50,0007,87,50037,50005.00%



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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