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12th | Tools of Analysis of Financial Statement– Comparative Statement And Common Size Statement | Question No.  13 To 16 | Ts Grewal Solution 2022-2023

Question 13:


Prepare Comparative Statement of Profit and Loss from the following information:
 

Particulars

31st March,

2022

31st March,

2021

Revenue from Operations

 ` 37,50,000

 ` 25,00,000

Other Income

 ` 4,50,000

 ` 5,00,000

Cost of Materials Consumed

 ` 22,50,000

 ` 12,50,000

Other Expenses

 ` 3,75,000

 ` 2,50,000

Tax Rate

50%

50%

Answer:


Comparative Income Statement

for the year ended March 31, 2021 and 2022

Particulars

March 31, 2021

( `)

March 31, 2022

( `)

Absolute

Change

( `)

Percentage

Change

(%)

I. Revenue from operations

25,00,000

37,50,000

12,50,000

50.00

II. Other Income

5,00,000

4,50,000

(50,000)

(10.00)

III. Total Revenue (I + II)

30,00,000

42,00,000

12,00,000

40.00

IV. Expenses

 

 

 

 

a. Cost of Materials Consumed

12,50,000

22,50,000

10,00,000

80.00

b. Other Expenses

2,50,000

3,75,000

1,25,000

50.00

 

15,00,000

26,25,000

11,25,000

75.00

 

 

 

 

 

Profit before Income Tax

15,00,000

15,75,000

75,000

5.00

Less: Income Tax @ 50%

7,50,000

7,87,500

37,500

5.00

Profit after Income Tax

7,50,000

7,87,500

37,500

5.00

 

 

 

 

 

 

Question 14:


 Prepare a Comparative Statement of Profit and Loss from the information extracted from the Statement of Profit and Loss for the year ended 31st March, 2017 and 2018.

Particulars

2017-18 (`)

2016-17 (`)

Revenue from Operations

15,00,000

10,00,000

Other Income (% of Revenue from Operations)

60%

50%

Employee Benefit Expenses (% of total revenue)

40%

30%

Tax Rate

40%

40%

 (Delhi 2019)

Answer:


Comparative Statement of Profit and Loss as at 31st March, 2018

Particulars

Note No.

31st March,

2017 (`)

31st March,

2018 (`)

Absolute Change

(Increase/Decrease)(`)

Percentage Change

(Increase/Decrease)(%)

 

(A)

(B)

(C = A-B)

(D = C/A×100)

Revenue from Operations

 

10,00,000

15,00,000

5,00,000

50.00

Other Income

(% of Revenue from Operations)

 

5,00,000

9,00,000

4,00,000

80.00

Total Revenue

 

15,00,000

24,00,000

9,00,000

60.00

Employee Benefit Expenses

(% of total revenue)

 

4,50,000

9,60,000

5,10,000

113.33

Profit before Tax

 

10,50,000

14,40,000

3,90,000

37.14

Less: Tax 40%

 

4,20,000

5,76,000

1,56,000

37.14

Profit after Tax

 

6,30,000

8,64,000

2,34,000

37.14

 

 

Question 15:


From the following particulars obtained from the books of Mark, prepare a Comparative Statement of Profit and Loss:

Particulars

31st March,

2018 (`)

31st March,

2017 (`)

Revenue from Operations

50,00,000

40,00,000

Purchase of Stock-in-Trade

40,00,000

30,00,000

Changes in Inventory

10,00,000

8,00,000

Other Expenses

5,00,000

4,00,000

Other Incomes

2,50,000

2,00,000

 

Answer:


Comparative Statement of Profit and Loss as at 31st March, 2018

Particulars

Note No.

31st March,

2017 (`)

31st March,

2018 (`)

Absolute Change

(Increase/Decrease)(`)

Percentage Change

(Increase/Decrease)(%)

 

(A)

(B)

(C = A-B)

(D = C/A×100)

Revenue from Operations

 

40,00,000

50,00,000

10,00,000

25

Other Incomes

 

2,00,000

2,50,000

50,000

25

Total Revenue

 

42,00,000

52,50,000

10,50,000

25

Expenses

 

 

 

 

 

Purchase of Stock-in-Trade

 

30,00,000

40,00,000

10,00,000

33.3

Changes in Inventory

 

8,00,000

10,00,000

2,00,000

25

Other Expenses

 

4,00,000

5,00,000

13,00,000

25

Total Expenses

 

42,00,000

55,00,000

13,00,000

30.95

Profit before Tax

 

. . .

(2,50,000)

(2,50,000)

Less: Tax … %

 

. . .

. . .

. . .

Profit after Tax

 

42,00,000

55,00,000

13,00,000

30.95

 

Question 16:


From the following information, prepare Comparative Statement of Profit and Loss

Particulars

31st March,

2022 (`)

31st March,

2021 (`)

Revenue from Operations

20,00,000

16,00,000

Other Income

4,40,000

3,00,000

Cost of Materials Consumed

8,00,000

6,00,000

Changes in Inventories of Finished Goods and Work-in-Progress

4,00,000

2,00,000

Other Expenses (% of Cost of Revenue from Operations)

15%

10%

Tax Rate

30%

30%

 

Answer:


Comparative Statement of Profit and Loss as at 31st March, 2022

Particulars

Note No.

31st March,

2021 (`)

31st March,

2022 (`)

Absolute Change

(Increase/Decrease)(`)

Percentage Change

(Increase/Decrease)(%)

 

(A)

(B)

(C = A-B)

(D = C/A×100)

Revenue from Operations

 

16,00,000

20,00,000

4,00,000

25

Other Incomes

 

3,00,000

4,40,000

1,40,000

46.67

Total Revenue

 

19,00,000

24,40,000

5,40,000

 

Expenses

 

 

 

 

 

Cost of Materials Consumed

 

 

6,00,000

8,00,000

2,00,000

33.33

Changes in Inventories of Finished Goods and Work-in-Progress

 

 

2,00,000

4,00,000

2,00,000

100

Other Expenses

(% of Cost of Revenue from Operations)

 

80,000

1,80,000

1,00,000

125

Total Expenses

 

8,80,000

13,80,000

5,00,000

56.82

Profit before Tax

 

10,20,000

10,60,000

40,000

3.92

Less: Tax 30%

 

3,06,000

3,18,000

12,000

3.92

Profit after Tax

 

7,14,000

7,42,000

28,000

3.92

 

Working Note:

Calculation of cost of material Consumed and Other Expenses

Items

2021

2022

Cost of Materials Consumed

6,00,000

8,00,000

Changes in Inventories of Finished Goods and Work-in-Progress

2,00,000

4,00,000

Cost of Revenue from Operations

8,00,000

12,00,000

Other Expenses

 (2020: 10% and 2021:15% of Cost of Revenue from Operations)

80,000

1,80,000

 

Click below for more Questions

Ts Grewal Solution 2022-2023

Class 12 / Volume – 3

Chapter 3 – Tools of Analysis of Financial Statements- Comparative And Common Size Statement

Question No. 1 To 4
Question No. 5 To 8
Question No. 9 To 12
Question No. 13 To 16
Question No. 17 To 20
Question No. 21 To 25

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