[ISC] Q. 9 Solution of Comparative Statements and Common-Size Statements TS Grewal (2023-24)

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Solution of Q 9 Comparative Statements and Common-Size Statements TS Grewal Class 12 ISC Board Accountancy Book 2023-24

Given below is the information extracted from the books of Shyam Ltd:

Particulars31st March,
2023 (₹)
31st March
2022 (₹)
Revenue from Operations (Net Sales)
Cost of Revenue from Operations
Carriage Inwards
Operating Expenses
Income Tax
20,00,000
11,70,000
80,000
11,500
40%
17,50,000
9,75,000
60,000
7,700
40%

Prepare Comparative Income Statement for the years ended 31st March 2023 and 2022 on the basis of the above information.

Solution:-

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