# Question 19 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question No. 19 - Chapter No.3 - T.S. Grewal +2 Book Part B

Question 19 Chapter 3 of +2-B

Comparative Statement of Profit and Loss (Income Statement)

19. Prepare Common-size Statement of Profit and Loss from the Following Statement of Profit and Loss:

 Particulars Note No. year I (Rs.) Year II (Rs.) I. Income Revenue from Operations(Net Sales) 14,00,000 16,00,000 II. Expenses Purchases of Stock-in-Trade 9,00,000 10,00,000 Change in Inventories of Stock-in-Trade 1,00,000 1,80,000 Finance Costs 80,000 80,000 Other Expenses 90,000 1,30,000 Total 11,70,000 13,90,000 III. Net Profit  Tax (I-II) 2,30,000 2,10,000 IV. Less: Tax 40,000 36,000 V. Net Profit after Tax (III-IV) 1,90,000 1,74,000

### The solution of Question 19 Chapter 3 of +2-B: –

 Comparative Balance Sheet of Sun Ltd. Particulars(1) Note no.(2) Absolute Amounts Percentage of Revenue fromOperations (net Sales) Year I Year II Year I (%) Year II (%) I. Income Revenue from Operations 14,00,000 16,00,000 100.00% 100.00% II. Expenses Purchases of Stock-in-Trade 9,00,000 10,00,000 64.29% 62.50% Change in Inventories of Stock-in-Trade 1,00,000 1,80,000 7.14% 11.25% Finance Costs 80,000 80,000 5.71% 5.00% Other Income 90,000 1,30,000 6.43% 8.13% Total 11,70,000 13,90,000 83.57% 86.87% III. Profit before Tax (I-II) 2,30,000 2,10,000 16.43% 13.13% IV. Less: Tax 40,000 36,000 2.85% 2.25% V. Profit before Tax (III-IV) 1,90,000 1,74,000 13.57% 10.88%

Balance Sheet: Meaning, Format & Examples

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