[ISC] Q. 13 Solution of Comparative Statements and Common-Size Statements TS Grewal (2023-24)

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Solution of Q 13 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 (Net Sales)
3,00,0002,50,000
II. Expenses
Cost of Materials Consumed
Changes in Inventories of WIP and Finished Goods
Employees Benefit Expenses (Wages)
Other Expenses
1,20,000
(2,000)
30,000
22,000
1,00,000
5,000
25,000
20,000
Total1,70,0001,50,000
III. Profit before Tax (I – II)1,30,0001,00,000

Solution:-

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