# 12th | Ts grewal 2021-2022 Question 9 to 12 | ch:3 Tools of Financial statement analysis- Comparative statement and Common-Size statement

#### Question 9: From the following Statement of Profit and Loss of Skills India Ltd. for the year ended 31st March, 2018 and 2019, prepare a Comparative Statement of Profit and Loss:

 Particulars 31st March, 2019 (`) 31st March, 2018 (`) Revenue from Operations 45,00,000 20,00,000 Employee Benefit Expenses 10,00,000 8,00,000 Other Expenses 5,00,000 2,00,000 Tax Rate 30%

(CBSE 2020)

 Comparative Statement of Profit and Loss as at 31st March, 2019 Particulars Note No. 31st March, 2018 (`) 31st March, 2019(`) Absolute Change (Increase/Decrease)(`) Percentage Change (Increase/Decrease)(%) (A) (B) (C = A-B) (D = C/A×100) Revenue from Operations 20,00,000 45,00,000 25,00,000 125 Employee Benefit Expenses 8,00,000 10,00,000 2,00,000 25 Other Expenses 2,00,000 5,00,000 3,00,000 150 Total Expenses 10,00,000 15,00,000 5,00,000 50 Profit before Tax 10,00,000 30,00,000 20,00,000 200 Less: Tax 30% 3,00,000 9,00,000 6,00,000 200 Profit after Tax 7,00,000 21,00,000 14,00,000 200

#### Question 10:

Following information is extracted from the Statement of Profit and Loss of Gold Coin Ltd. for the year ended 31st March, 2015:

 Particulars 31st March, 2015 31st March, 2014 Revenue from Operations ` 60,00,000 ` 45,00,000 Employee Benefit Expenses ` 30,00,000 ` 22,50,000 Depreciation ` 7,50,000 ` 6,00,000 Other Expenses ` 15,50,000 ` 10,00,000 Tax Rate 30% 30%

 Comparative Income Statement for the year ended March 31, 2014 and 2015 Particulars 2014 (Rs) 2015 (Rs) Absolute Change (Rs) Percentage Change (%) I. Revenue from Operations 45,00,000 60,00,000 15,00,000 33.33 II. Expenses a. Depreciation 6,00,000 7,50,000 1,50,000 25.0 b. Employees Benefit Expenses 22,50,000 30,00,000 7,50,000 33.33 c. Other Expenses 10,00,000 15,50,000 5,50,000 55.0 38,50,000 53,00,000 14,50,000 37.66 Profit before Income Tax 6,50,000 7,00,000 50,000 7.69 Less: Income Tax 1,95,000 2,10,000 15,000 7.69 Profit after Income Tax 4,55,000 4,90,000 35,000 7.69

#### Question 11:

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

 Particulars Note No. 31st March, 2019 ( `) 31st March, 2018 ( `) I. Income Revenue from Operations (Net Sales) 3,50,000 3,00,000 II. Expenses Purchases of Stock-in-Trade 2,10,000 1,80,000 Change in Inventories of Stock-in-Trade 15,000 20,000 Employees Benefits Expenses 17,500 15,000 Other Expenses 7,500 5,000 Total 2,50,000 2,20,000 III. Profit before Tax (I-II) 1,00,000 80,000 IV. Less: Tax 30,000 24,000 V. Profit after Tax (III-IV) 70,000 56,000

 Comparative Income Statement for the year ended March 31, 2018 and 2019 Particulars 2018 ( `) 2019 ( `) Absolute Change ( `) Percentage Change (%) I. Revenue from Operations 3,00,000 3,50,000 50,000 16.67 II. Expenses a. Purchase of Stock-in-Trade 1,80,000 2,10,000 30,000 16.67 b. Changes in Inventories of Stock-in-Trade 20,000 15,000 (5,000) (25.00) c. Employees Benefit cost 15,000 17,500 2,500 16.67 d. Other Expenses 5,000 7,500 2,500 50.00 2,20,000 2,50,000 30,000 13.67 Profit before Income Tax (I-II) 80,000 1,00,000 20,000 25.00 Less: Income Tax 24,000 30,000 6,000 25.00 Profit after Income Tax 56,000 70,000 14,000 25.00

#### Question 12:Prepare a Comparative Income Statement of Bikul Ltd. with the help of the following information:

 Particulars 2016-17 (`) 2017-18 (`) Revenue from Operations 10,00,000 16,00,000 Cost of Materials Consumed 5,00,000 10,00,000 Employee Benefit Expenses 80,000 40,000 Other Indirect Expenses 60,000 80,000 Income Tax Rate 40%.

(CBSE 2019)