Q. 24 Comparative and Common Size Statements TS Grewal Solutions Class 12 CBSE (2024-25)
Solutions of Question number 24 of comparative and common size statements TS grewal class 12 CBSE Board 2024 25.
Prepare Common-Size Statement of Profit & Loss from the following Statement of Profit & Loss:
| Particulars | Note. No. | Year I (₹) | Year II (₹) |
| I. Income | |||
| Revenue from Operations (Net Sales) | 14,00,000 | 16,00,000 | |
| II. Expenses | |||
| Purchase of Stock in Trade | 9,00,000 | 10,00,000 | |
| Change in Inventories of Stock in Trade | 1,00,000 | 1,80,000 | |
| Finance Costs | 80,000 | 80,000 | |
| Other Expenses | 90,000 | 1,30,000 | |
| Total | 11,70,000 | 13,90,000 | |
| III. Profit before Tax (I-II) | 2,30,000 | 2,10,000 | |
| IV. Tax | 40,000 | 36,000 | |
| V. Profit after Tax (III-IV) | 1,90,000 | 1,74,000 |
[Ans.]
| Particulars | Year I (% of Revenue from Operations) | Year II (% of Revenue from Operations) |
| Purchases of Stock-in-Trade | 64.29 | 62.50 |
| Change in Inventories | 7.14 | 11.25 |
| Finance Costs | 5.71 | 5.00 |
| Other Expenses | 6.43 | 8.13 |
| Profit before Tax | 16.43 | 13.13 |
| Profit after Tax | 13.57 | 10.88 |
Solution:-
Note:- Mention the Previous Year and the Current Year as mentioned in your question.
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 |
