[ISC] Q. 24 Solution of Comparative Statements and Common-Size Statements TS Grewal (2023-24)
Solution of Q 24 Comparative Statements and Common-Size Statements TS Grewal Class 12 ISC Board Accountancy Book 2023-24
Prepare Common-Size Income Statement from the following Statement of Profit & Loss:
| Particulars | Year 1 (₹) | Year II (₹) |
| I. Income Revenue from Operations (Net Sales) | 14,00,000 | 16,00,000 |
| II. Expenses Purchase of Stock-in-Trade Change in Inventories of Stock-in-Trade Depreciation and Amortisation Expense Other Expenses | 9,00,000 1,00,000 80,000 90,000 | 12,00,000 (20,000) 80,000 1,30,000 |
| Total | 11,70,000 | 13,90,000 |
| III. Profit before Tax (I – II) IV. Less: Tax | 2,30,000 40,000 | 2,10,000 36,000 |
| V. Profit after Tax (III – IV) | 1,90,000 | 1,74,000 |
Solution:-
