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

Share your love

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:

ParticularsYear 1 (₹)Year II (₹)
I. Income
Revenue from Operations (Net Sales)
14,00,00016,00,000
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
Total11,70,00013,90,000
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)1,90,0001,74,000

Solution:-

Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

Articles: 7061

Leave a Reply

Your email address will not be published. Required fields are marked *

x