Question 17 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question 17 Chapter 3 of +2-B

Question 17 Chapter 3 of +2-B

Comparative Statement of Profit and Loss (Income Statement)

17. From the following Statement of Profit and Loss of Star Ltd., for the years ended 31st March 2015 and 2016, prepare a common-size Statement:

Particulars Note No. 2015-16 2014-15
Revenue from Operations   25,00,000 20,00,000
Employee Benefit Expenses    10,00,000 7,00,000
Other Expenses   2,00,000 3,00,000
Tax Rate   40% 40%

The solution of Question 17 Chapter 3 of +2-B: – 

Comparative Balance Sheet of Sun Ltd.

Particulars

(1)

Note no.
(2)
Absolute Amounts Percentage of Revenue from
Operations (net Sales)
31st March,
2015
31st March,
2016
31st March,
2015 (%)
31st March,
2016 (%)
I. Revenue from Operations   20,00,000 25,00,000 100.00% 100.00%
Employees Benefit Expenses   7,00,000 10,00,000 35.00% 40.00%
Other Income   3,00,000 2,00,000 15.00% 8.00%
Total Revenue   10,00,000 12,00,000 50.00% 52.00%
III. Profit before Tax (I-II)   10,00,000 13,00,000 50.00% 48.00%
IV. Tax rate @40%   4,00,000 7,80,000 20.00% 20.8%
V. Profit before Tax (III-IV)   4,00,000 7,80,000 30.00% 31.20%



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 17 Chapter 3 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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