Q. 14 Comparative and Common Size Statements TS Grewal Solutions Class 12 CBSE (2024-25)
Solutions of Question number 14 of comparative and common size statements TS grewal class 12 CBSE Board 2024 25.
Prepare a Comparative Statement of Profit & Loss from the information extracted from the Statement of Profit & Loss for the year ended 31st March, 2017 and 2018.
| Particulars | 2017-18 (₹) | 2016-17 (₹) |
| Revenue from Operations | 15,00,000 | 10,00,000 |
| Other Income (% of Revenue from Operations) | 60% | 50% |
| Employee Benefit Expenses (% of total revenue) | 40% | 30% |
| Tax Rate | 40% | 40% |
[Ans.:]
| Particulars | Absolute Change (₹) | Percentage Change (%) |
| Revenue from Operations | 5,00,000 | 50.00 |
| Othe Income | 4,00,000 | 80.00 |
| Total Revenue | 9,00,000 | 60.00 |
| Employee Benefit Exp | 5,10,000 | 113.33 |
| Profit before Tax | 3,90,000 | 37.14 |
| Profit after Tax | 2,34,000 | 37.14 |
Solution:-
Working Notes:-
Other Income:-
Previous Year
10,00,000 x 50% = ₹ 5,00,000
Current Year
15,00,000 x 60% = ₹ 9,00,000
Employee Benefit Expenses:-
Previous Year
15,00,000 x 30% = ₹ 4,50,000
Current Year
24,00,000 x 40% ₹ 9,60,000
Following is the list of solutions
| S.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Solutions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| S.N | Solutions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
