Advertisement

Question 16 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question 16 Chapter 3 of +2-B
Question No. 16 - Chapter No.3 - T.S. Grewal +2 Book Part B

Advertisement

Question 16 Chapter 3 of +2-B

Advertisement

Comparative Statement of Profit and Loss (Income Statement)

16. 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) 20,00,00017,50,000
Other Income 75,00050,000
Total 20,75,00018,00,000
II. Expenses   
Purchases of Stock-in-Trade 11,60,00028,50,000
Change in Inventories of Stock-in-Trade 10,0001,50,000
Employee Benefit Expenses 13,00,0001,00,000
Depreciation and Amortisation Expenses 50,00050,000
Other Expenses290,00075,000
Total 16,10,00014,00,000
III. Net Profit (I-II) 4,65,0004,00,000

 

Particulars31st March,31st March, 
 20192018
1. Employees Benefit Expenses  
Wages3,00,0003,00,000
2. Other Expenses  
Administrative and General Expenses70,00050,000
Miscellaneous Expenses20,00025,000
 90,00075,000

The solution of Question 16 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 17,50,00020,00,0002,50,00014.28%
Other Income 50,00075,00025,00050.00%
Total Revenue 18,00,00020,75,0002,75,00015.28%
II. Expenses     
Purchases of Stock-in-Trade 10,00,00011,60,0001,60,00016.00%
Change in inventories of Stock-in-Trade (25,000)10,00035,000140.00%
Employees Benefit Expenses 3,00,0003,00,000  
Depreciation and Amortisation Expenses 50,00050,000  
Other Expenses 75,00090,00015,00020.00%
IV. Less: Tax 50% 14,00,00016,10,0002,10,00015.00%
V. Profit After Tax (I-II) 4,00,0004,65,00065,00016.25%



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 !!