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

Question 8 Chapter 3 of +2-B

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:

Particulars31st  March, 31st  March,
 20152014
Revenue from Operations60,00,00045,00,000
Employee Benefit Expenses30,00,00022,50,000
Depreciation7,50,0006,00,000
Other Expenses15,50,00010,00,000
Tax Rate30%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)
Absolute
Change

(Increase/
Decrease)

(C=B-A)
(5)

Percentage
Change

(Increase/
Decrease)

(D=C/A x 100)
(6)
I. Revenue from Operations 45,00,00060,00,00015,00,00033.33%
II. Expenses     
(a) Employee Benefit Expenses 22,50,00030,00,0007,50,00033.33%
(b) Depreciation 6,00,0007,50,0001,50,00025.00%
(c) Other Expenses 10,00,00015,50,0005,50,00055.00%
Total Expenses 38,50,00053,00,00014,50,00040.84%
III. Profit before Tax (I-II) 6,50,0007,00,00050,0007.69%
IV. Less: Income Tax 1,95,0002,10,00015,0007.69%
V. Profit after Tax (III-IV) 4,55,0004,90,00035,0007.69%

To understand more about Balance Sheet please check out following links:

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

Leave a Reply