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12th | Tools of Analysis of Financial Statement– Comparative Statement And Common Size Statement | Question No.  9 To 12 | Ts Grewal Solution 2022-2023

Question 9: From the following Statement of Profit and Loss of Skills India Ltd. for the year ended 31st March, 2021 and 2022, prepare a Comparative Statement of Profit and Loss:


Particulars

31st March, 2022 (`)

31st March,

2021 (`)

Revenue from Operations

45,00,000

20,00,000

Employee Benefit Expenses

10,00,000

8,00,000

Other Expenses

5,00,000

2,00,000

Tax Rate 30%

 

 

 (CBSE 2020)

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

 

20,00,000

45,00,000

25,00,000

125

Employee Benefit Expenses

 

8,00,000

10,00,000

2,00,000

25

Other Expenses

 

2,00,000

5,00,000

3,00,000

150

Total Expenses

 

10,00,000

15,00,000

5,00,000

50

Profit before Tax

 

10,00,000

30,00,000

20,00,000

200

Less: Tax 30%

 

3,00,000

9,00,000

6,00,000

200

Profit after Tax

 

7,00,000

21,00,000

14,00,000

200

 

Question 10:


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

 

Particulars

31st March,

2015

31st March, 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%

Answer:


Comparative Income Statement

for the year ended March 31, 2014 and 2015

Particulars

2014

(Rs)

2015

(Rs)

Absolute

Change

(Rs)

Percentage

Change

(%)

I. Revenue from Operations

45,00,000

60,00,000

15,00,000

33.33

II. Expenses

 

 

 

 

a. Depreciation

6,00,000

7,50,000

1,50,000

25.0

b. Employees Benefit Expenses

22,50,000

30,00,000

7,50,000

33.33

c. Other Expenses

10,00,000

15,50,000

5,50,000

55.0

     

38,50,000

53,00,000

14,50,000

37.66

Profit before Income Tax

6,50,000

7,00,000

50,000

7.69

Less: Income Tax

1,95,000

2,10,000

15,000

7.69

Profit after Income Tax

4,55,000

4,90,000

35,000

7.69

 

 

 

 

 

Question 11:


Prepare comparative Statement of Profit and Loss from following:

Particulars

2019

2020

Revenue from Operations

20,00,000

25,00,000

Cost of material consumed

10,00,00o

13,00,000

Other Expenses

Nil

1,20,000

Tax rate

50%

50%

 (CBSE Sample paper 2020)

Answer:


Comparative Statement of Profit and Loss as at 31st March, 2020

Particulars

Note No.

31st March, 2019

(`)

31st March, 2020

(`)

Absolute Change

(Increase/Decrease)(`)

Percentage Change

(Increase/Decrease)(%)

 

(A)

(B)

(C = A-B)

(D = C/A×100)

Revenue from Operations

 

20,00,000

25,00,000

5,00,000

25

Cost of material consumed

 

10,00,00o

13,00,000

3,00,000

30

Other expenses

 

-

1,20,000

1,20,000

-

Total Expenses

 

10,00,000

14,20,000

4,20,000

42

Profit before Tax

 

10,00,000

10,80,000

80,000

8

Less: Tax 50%

 

5,00,000

5,40,000

40,000

8

Profit after Tax

 

5,00,000

5,40,000

40,000

8

Question 12:


Prepare a Comparative Income Statement of Bikul Ltd. with the help of the following information:

Particulars

2016-17 (`)

2017-18 (`)

Revenue from Operations

10,00,000

16,00,000

Cost of Materials Consumed

5,00,000

10,00,000

Employee Benefit Expenses

80,000

40,000

Other Indirect Expenses

60,000

80,000

Income Tax Rate 40%.

 

 

(CBSE 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

16,00,000

6,00,000

60.00

Expenses

 

 

 

 

 

Cost of Materials Consumed

 

5,00,000

10,00,000

5,00,000

100.00

Employee Benefit Expenses

 

80,000

40,000

(40,000)

(50.00)

Other Indirect Expenses

 

60,000

80,000

20,000

33.33

Total Expenses

 

6,40,000

11,20,000

4,80,000

75.00

Profit before Tax

 

3,60,000

4,80,000

1,20,000

33.33

Less: Tax 40%

 

1,44,000

1,92,000

48,000

33.33

Profit after Tax

 

2,16,000

2,88,000

72,000

33.33

 

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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