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

Question No. 17 - Chapter No.3 - T.S. Grewal +2 Book Part 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 fromOperations (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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