# 12th | Ts grewal 2021-2022 Question 13 to 16 | ch:3 Tools of Financial statement analysis- Comparative statement and Common-Size statement

#### Question 13:

Prepare Comparative Statement of Profit and Loss from the following information:

 Particulars 31st March, 2019 31st March, 2018 Revenue from Operations ` 37,50,000 ` 25,00,000 Other Income ` 4,50,000 ` 5,00,000 Cost of Materials Consumed ` 22,50,000 ` 12,50,000 Other Expenses ` 3,75,000 ` 2,50,000 Tax Rate 50% 50%

 Comparative Income Statement for the year ended March 31, 2018 and 2019 Particulars March 31, 2018 ( `) March 31, 2019 ( `) Absolute Change ( `) Percentage Change (%) I. Revenue from operations 25,00,000 37,50,000 12,50,000 50.00 II. Other Income 5,00,000 4,50,000 (50,000) (10.00) III. Total Revenue (I + II) 30,00,000 42,00,000 12,00,000 40.00 IV. Expenses a. Cost of Materials Consumed 12,50,000 22,50,000 10,00,000 80.00 b. Other Expenses 2,50,000 3,75,000 1,25,000 50.00 15,00,000 26,25,000 11,25,000 75.00 Profit before Income Tax 15,00,000 15,75,000 75,000 5.00 Less: Income Tax @ 50% 7,50,000 7,87,500 37,500 5.00 Profit after Income Tax 7,50,000 7,87,500 37,500 5.00

#### Page No 3.34:

Question 14: Prepare a Comparative Statement of Profit and Loss from the information extracted from the Statement of Profit and 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%

(Delhi 2019)

 Comparative Statement of Profit and Loss as at 31st March, 2018 Particulars Note No. 31st March, 2017 (`) 31st March, 2018 (`) Absolute Change (Increase/Decrease)(`) Percentage Change (Increase/Decrease)(%) (A) (B) (C = A-B) (D = C/A×100) Revenue from Operations 10,00,000 15,00,000 5,00,000 50.00 Other Income (% of Revenue from Operations) 5,00,000 9,00,000 4,00,000 80.00 Total Revenue 15,00,000 24,00,000 9,00,000 60.00 Employee Benefit Expenses (% of total revenue) 4,50,000 9,60,000 5,10,000 113.33 Profit before Tax 10,50,000 14,40,000 3,90,000 37.14 Less: Tax 40% 4,20,000 5,76,000 1,56,000 37.14 Profit after Tax 6,30,000 8,64,000 2,34,000 37.14

#### Question 15:

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

 Particulars 31st March, 2019 31st March, 2018 Cost of Materials Consumed ` 13,44,000 ` 6,00,000 Revenue from Operations (% of Materials Consumed) 125% 200% Other Expenses (% of Operating Revenue) 10% 10% Tax Rate 50% 50%

 Comparative Income Statement for the year ended 31st March, 2018 and 2019 Particulars March 31, 2018 ( `) March 31, 2019 ( `) Absolute Change ( `) Percentage Change (%) I. Revenue from Operations (WN1) 12,00,000 16,80,000 4,80,000 40.00 II. Expenses a. Cost of Material Consumed 6,00,000 13,44,000 7,44,000 124.00 b. Other Expenses (WN2) 1,20,000 1,68,000 48,000 40.00 7,20,000 15,12,000 7,92,000 110.00 Profit before Income Tax (I-II) 4,80,000 1,68,000 (3,12,000) (65.00) Less: Income Tax @ 50% 2,40,000 84,000 (1,56,000) (65.00) Profit after Income Tax 2,40,000 84,000 1,56,000 (65.00)

Working Notes:

WN1 Computation of Revenue from Operations

 Particulars 2018 ( `) 2019 ( `) Cost of Materials Consumed 6,00,000 13,44,000 % of Materials Consumed 200% 125% Revenue from Operations 12,00,000 16,80,000

WN2 Computation of Other Expenses

 Particulars 2018 ( `) 2019 ( `) Revenue From Operations 12,00,000 16,80,000 % of Operating Revenue 10% 10% Other Expenses 1,20,000 1,68,000

#### Question 16:

From the following particulars obtained from the books of Mark, prepare a Comparative Statement of Profit and Loss:

 Particulars 31st March, 2018 (`) 31st March, 2017 (`) Revenue from Operations 50,00,000 40,00,000 Purchase of Stock-in-Trade 40,00,000 30,00,000 Changes in Inventory 10,00,000 8,00,000 Other Expenses 5,00,000 4,00,000 Other Incomes 2,50,000 2,00,000