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:

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)

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

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