Q. 19 Comparative and Common Size Statements TS Grewal Solutions Class 12 CBSE (2024-25)

Solutions of Question number 19 of comparative and common size statements TS grewal class 12 CBSE Board 2024 25.

From the following Statement of Profit & Loss, prepare Comparative Statement of Profit & Loss:

Particulars	Note. No.	31st March, 2024 (₹)	31st March, 2023 (₹)
I. Income
Revenue from Operations (Net Sales)		50,00,000	40,00,000
II. Expenses
Purchases of Stock-in-Trade		34,00,000	28,50,000
Change in Inventories of Stock-in-Trade		1,00,000	1,50,000
Employees Benefit Expenses		1,00,000	1,00,000
Other Expenses		2,00,000	1,50,000
Total		38,00,000	32,50,000
III. Net Profit (I – II)		12,00,000	7,50,000

Notes to Account:-

Particulars	31st March, 2024 (₹)	31st March, 2023 (₹)
Change in Inventories of Stock-in-Trade
Opening Inventory Less: Closing Inventory	2,00,000 1,00,000	3,50,000 2,00,000
	1,00,000	1,50,000
Other Expenses
Administrative Expenses	50,000	50,000
Selling and Distribution Expenses	1,50,000	1,00,000
	2,00,000	1,50,000

[Ans.]

Particulars	Absolute change (₹)	Percentage Change (%)
Revenue from Operations	10,00,000	25.00
Purchase of Stock-in-Trade	5,50,000	19.30
Change in Inventories	(50,000)	(33.33)
Employee Benefit Exp.	–	–
Other Expenses	50,000	33.33
Total Expenses	5,50,000	16.92
Net Profit	4,50,000	60.00

Solution:-

Note:- Mention the Previous Year and the Current Year as mentioned in your question.

Following is the list of solutions

S.N	Solutions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Solutions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27