Advertisement

Question 15 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question 15 Chapter 3 of +2-B
Question No. 15 - Chapter No.3 - T.S. Grewal +2 Book Part B

Advertisement

Question 15 Chapter 3 of +2-B

Advertisement

Comparative Statement of Profit and Loss (Income Statement)

15. From the following Statement of Profit and Loss of Antriksh Ltd. For the year ended 31st March 2012 and 2013, prepare a comparative Statement of Profit and Loss

Particulars31st March, 31st March,
 20132012
Revenue from Operations14,00,0008,00,000
Other Income6,00,0004,00,000
Expenses17,00,00011,00,000
Rate of Income Tax40%40%

The solution of Question 15 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 8,00,00014,00,0006,00,00050.00%
Other Income 4,00,0006,00,0002,00,000(10.00%)
Total Revenue 12,00,00020,00,0008,00,00040.00%
II. Expenses 11,00,00017,00,0006,00,00054.55%
III. Profit before Tax (I-II) 1,00,0003,00,0002,00,000200.00%
IV. Less: Tax 50% 40,0001,20,00080,000200.00%
V. Profit After Tax (I-II) 60,0001,80,0001,20,000200.00%



Balance Sheet: Meaning, Format & Examples

Advertisement-X

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 !!