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Question 18 Chapter 3 of +2-B
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Table of Contents
Comparative Statement of Profit and Loss (Income Statement)
18. Prepare Common-size Statement of Profit and Loss from The following
Statement of Profit and loss:
| Particulars | Note No. | 31st March, |
| 2018 | ||
| I. Income | ||
| Revenue from Operations(Net Sales) | 15,00,000 | |
| Other Income | 60,000 | |
| Total Revenue | 15,60,000 | |
| II. Expenses | ||
| Purchases of Stock-in-Trade | 7,50,000 | |
| Change in Inventories of Stock-in-Trade | 50,000 | |
| Other Expenses | 2,10,000 | |
| Total | 10,10,000 | |
| III. Net Profit after Tax (I-II) | 5,50,000 |
The solution of Question 18 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, 2018 | 31st March, 2018 (%) | ||
| I. Income | |||
| Revenue from Operations | 15,00,000 | 100.00% | |
| Other Income | 60,000 | 4.00% | |
| Total Revenue | 15,60,000 | 104.00% | |
| II. Expenses | |||
| Purchases of Stock-in-Trade | 7,50,000 | 15.00% | |
| Change in Inventories of Stock-in-Trade | 50,000 | 3.33% | |
| Other Expenses | 2,10,000 | 14.00% | |
| Total Expenses | 10,10,000 | 36.67% | |
| III. Net Profit before Tax (I-II) | 5,50,000 | 36.67% | |
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)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
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
