# Question 8 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question No. 8 - Chapter No.3 - T.S. Grewal +2 Book Part B-min

Question 8 Chapter 3 of +2-B

Comparative Statement of Profit and Loss (Income Statement)

8. Following information is extracted from the Statement of Profit and Loss of Gold Coins Ltd. For the year ended 31st March, 2015:

 Particulars 31st  March, 31st  March, 2015 2014 Revenue from Operations 60,00,000 45,00,000 Employee Benefit Expenses 30,00,000 22,50,000 Depreciation 7,50,000 6,00,000 Other Expenses 15,50,000 10,00,000 Tax Rate 30% 30%

### The solution of Question 8 Chapter 3 of +2-B: –

 Comparative Balance Sheet of Sun Ltd. Particulars(1) Note no.(2) 31st March,2018(A)(3) 31st March,2019(B)(4) AbsoluteChange(Increase/Decrease)(C=B-A)(5) Percentage Change (Increase/Decrease)(D=C/A x 100)(6) I. Revenue from Operations 45,00,000 60,00,000 15,00,000 33.33% II. Expenses (a) Employee Benefit Expenses 22,50,000 30,00,000 7,50,000 33.33% (b) Depreciation 6,00,000 7,50,000 1,50,000 25.00% (c) Other Expenses 10,00,000 15,50,000 5,50,000 55.00% Total Expenses 38,50,000 53,00,000 14,50,000 40.84% III. Profit before Tax (I-II) 6,50,000 7,00,000 50,000 7.69% IV. Less: Income Tax 1,95,000 2,10,000 15,000 7.69% V. Profit after Tax (III-IV) 4,55,000 4,90,000 35,000 7.69%

Balance Sheet: Meaning, Format & Examples

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