# 12th | Volume 3 | Chapter:3 | Question No. 13 to 16 | Tools Of Financial Statement Analyse | Ts grewal Solution 2022-2023

#### Question 13:

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

 Particulars 31st March, 2022 31st March, 2021 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, 2021 and 2022 Particulars March 31, 2021 ( `) March 31, 2022 ( `) 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

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 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

 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 40,00,000 50,00,000 10,00,000 25 Other Incomes 2,00,000 2,50,000 50,000 25 Total Revenue 42,00,000 52,50,000 10,50,000 25 Expenses Purchase of Stock-in-Trade 30,00,000 40,00,000 10,00,000 33.3 Changes in Inventory 8,00,000 10,00,000 2,00,000 25 Other Expenses 4,00,000 5,00,000 13,00,000 25 Total Expenses 42,00,000 55,00,000 13,00,000 30.95 Profit before Tax . . . (2,50,000) (2,50,000) … Less: Tax … % . . . . . . . . . … Profit after Tax 42,00,000 55,00,000 13,00,000 30.95

#### Question 16:

From the following information, prepare Comparative Statement of Profit and Loss

 Particulars 31st March, 2022 (`) 31st March, 2021 (`) Revenue from Operations 20,00,000 16,00,000 Other Income 4,40,000 3,00,000 Cost of Materials Consumed 8,00,000 6,00,000 Changes in Inventories of Finished Goods and Work-in-Progress 4,00,000 2,00,000 Other Expenses (% of Cost of Revenue from Operations) 15% 10% Tax Rate 30% 30%

 Comparative Statement of Profit and Loss as at 31st March, 2022 Particulars Note No. 31st March, 2021 (`) 31st March, 2022 (`) Absolute Change (Increase/Decrease)(`) Percentage Change (Increase/Decrease)(%) (A) (B) (C = A-B) (D = C/A×100) Revenue from Operations 16,00,000 20,00,000 4,00,000 25 Other Incomes 3,00,000 4,40,000 1,40,000 46.67 Total Revenue 19,00,000 24,40,000 5,40,000 Expenses Cost of Materials Consumed 6,00,000 8,00,000 2,00,000 33.33 Changes in Inventories of Finished Goods and Work-in-Progress 2,00,000 4,00,000 2,00,000 100 Other Expenses (% of Cost of Revenue from Operations) 80,000 1,80,000 1,00,000 125 Total Expenses 8,80,000 13,80,000 5,00,000 56.82 Profit before Tax 10,20,000 10,60,000 40,000 3.92 Less: Tax 30% 3,06,000 3,18,000 12,000 3.92 Profit after Tax 7,14,000 7,42,000 28,000 3.92

Working Note:

Calculation of cost of material Consumed and Other Expenses

 Items 2021 2022 Cost of Materials Consumed 6,00,000 8,00,000 Changes in Inventories of Finished Goods and Work-in-Progress 2,00,000 4,00,000 Cost of Revenue from Operations 8,00,000 12,00,000 Other Expenses  (2020: 10% and 2021:15% of Cost of Revenue from Operations) 80,000 1,80,000

Class : 11th | Ts Grewal solution 2022-2023

Volume 3 | Chapter 3: Tools Of Financial Statement Analyse

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