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

Question 15 Chapter 3 of +2-B

Question 15 Chapter 3 of +2-B

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

Particulars 31st March,  31st March,
  2013 2012
Revenue from Operations 14,00,000 8,00,000
Other Income 6,00,000 4,00,000
Expenses 17,00,000 11,00,000
Rate of Income Tax 40% 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   8,00,000 14,00,000 6,00,000 50.00%
Other Income   4,00,000 6,00,000 2,00,000 (10.00%)
Total Revenue   12,00,000 20,00,000 8,00,000 40.00%
II. Expenses   11,00,000 17,00,000 6,00,000 54.55%
III. Profit before Tax (I-II)   1,00,000 3,00,000 2,00,000 200.00%
IV. Less: Tax 50%   40,000 1,20,000 80,000 200.00%
V. Profit After Tax (I-II)   60,000 1,80,000 1,20,000 200.00%



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)

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

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)

  • Chapter No. 1 – Financial Statements of a Company
  • Chapter No. 2 – Financial Statement Analysis 
  • Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
  • Chapter No. 4 – Accounting Ratios
  • Chapter No. 5 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 15 Chapter 3 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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