Question 18 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question 18 Chapter 3 of +2-B

Question 18 Chapter 3 of +2-B

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:

ParticularsNote 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 AmountsPercentage of Revenue from
Operations (net Sales)
31st March,
2018
31st March,
2018 (%)

I. Income   
Revenue from Operations 15,00,000100.00%
Other Income 60,0004.00%
Total Revenue 15,60,000104.00%
II. Expenses   
Purchases of Stock-in-Trade 7,50,00015.00%
Change in Inventories of Stock-in-Trade 50,0003.33%
Other Expenses 2,10,00014.00%
Total Expenses 10,10,00036.67%
III. Net Profit before Tax (I-II) 5,50,00036.67%



Balance Sheet: Meaning, Format & Examples

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

2 Book 3 min 225x300 - Question 18 Chapter 3 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

Leave a Reply