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

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

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Question 9 Chapter 3 of +2-B

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Comparative Statement of Profit and Loss (Income Statement)

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

ParticularsNote No.31st March, 31st March, 
  20192018
I. Income   
Revenue from Operations (Net Sales) 3,50,0003,00,000
II. Expenses   
Purchases of Stock-in-Trade 2,10,0001,80,000
Change in Inventories of Stock-in-Trade 15,00020,000
Employee Benefit Expenses 17,00015,000
Other Expenses 7,5005,000
Total 2,50,0002,20,000
III. Profit before Tax (I-II) 1,00,00080,000
IV. Less: Tax 30,00024,000
V. Profit after Tax (III-IV) 70,00056,000

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)
Absolute
Change

(Increase/
Decrease)

(C=B-A)
(5)

Percentage
Change

(Increase/
Decrease)

(D=C/A x 100)
(6)
I. Income     
Revenue from Operations (Net Sales) 3,00,0003,50,00050,00016.66%
II. Expenses     
Purchases of Stock-in-Trade 1,80,0002,10,00030,00016.66%
Change in Inventories of Stock-in-Trade 20,00015,000(5,000)25.00%
Employee Benefit Expenses 15,00017,5002,50016.66%
Other Expenses 5,0007,5002,50050.00%
Total 2,20,0002,50,00030,00013.63%
III. Profit before Tax (I-II) 80,0001,00,00020,00025.00%
IV. Less: Income Tax 24,00030,0006,00025.00%
V. Profit after Tax (III-IV) 56,00070,00014,00025.00%

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)

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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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