# Question 9 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question No. 9 - Chapter No.3 - T.S. Grewal +2 Book Part B-min

Question 9 Chapter 3 of +2-B

Comparative Statement of Profit and Loss (Income Statement)

9. Prepare Comparative Statement of Profit and Loss from the Following Statement of Profit and Loss:

 Particulars Note No. 31st March, 31st March, 2019 2018 I. Income Revenue from Operations (Net Sales) 3,50,000 3,00,000 II. Expenses Purchases of Stock-in-Trade 2,10,000 1,80,000 Change in Inventories of Stock-in-Trade 15,000 20,000 Employee Benefit Expenses 17,000 15,000 Other Expenses 7,500 5,000 Total 2,50,000 2,20,000 III. Profit before Tax (I-II) 1,00,000 80,000 IV. Less: Tax 30,000 24,000 V. Profit after Tax (III-IV) 70,000 56,000

### The solution of Question 9 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. Income Revenue from Operations (Net Sales) 3,00,000 3,50,000 50,000 16.66% II. Expenses Purchases of Stock-in-Trade 1,80,000 2,10,000 30,000 16.66% Change in Inventories of Stock-in-Trade 20,000 15,000 (5,000) 25.00% Employee Benefit Expenses 15,000 17,500 2,500 16.66% Other Expenses 5,000 7,500 2,500 50.00% Total 2,20,000 2,50,000 30,000 13.63% III. Profit before Tax (I-II) 80,000 1,00,000 20,000 25.00% IV. Less: Income Tax 24,000 30,000 6,000 25.00% V. Profit after Tax (III-IV) 56,000 70,000 14,000 25.00%

Balance Sheet: Meaning, Format & Examples

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