Q. 15 Comparative and Common Size Statements TS Grewal Solutions Class 12 CBSE (2024-25)

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Solutions of Question number 15 of comparative and common size statements TS grewal class 12 CBSE Board 2024 25.

From the following information, prepare Comparative Statement of Profit & Loss. Showing increase decrease and percentage:

Particulars31st March,
2024
31st March,
2023
Cost of Materials Consumed13,44,0006,00,000
Revenue from Operations (% of Materials Consumed)125%200%
Other Expenses (% of Operating Revenue)10%10%
Tax Rate50%50%

[Ans.]

ParticularsAbsolute Change (₹)Percentage Change (%)
Revenue from Operations4,80,00040.00
Total Expenses7,92,000110.00
Profit before Tax(3,12,000)(65.00)
Tax(1,56,000)(65.00)
Profit after Tax(1,56,000)(65.00)

Solution:-

Working Notes:-

Calculation of Revenue from Operations:-

Previous Year

6,00,000 x 200% = ₹ 12,00,000

Current Year

13,44,000 x 125% = ₹ 16,80,000

Calculations of Other Expenses:

Previous Year

12,00,000 x 10% = ₹ 1,20,000

Current Year

16,80,000 x 10% = ₹ 1,68,000

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