[ISC] Q. 12 Solution of Comparative Statements and Common-Size Statements TS Grewal (2023-24)

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Solution of Q 12 Comparative Statements and Common-Size Statements TS Grewal Class 12 ISC Board Accountancy Book 2023-24

Prepare Comparative Income Statement from the following Statement of Profit & Loss:

Particulars31st March,
2023 (₹)
31st March,
2022 (₹)
I. Income
Revenue from Operations
3,50,0003,00,000
II. Expenses
Purchases of Stock in Trade
Change in Inventories of Stock in Trade
Employees Benefit Expenses
Other Expenses
2,10,000
15,000
17,500
7,500
1,80,000
20,000
15,000
5,000
Total2,50,0002,20,000
III. Profit before Tax (I – II)1,00,00080,000

Solution:-

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