# 12th | Volume 3 | Chapter:3 | Question No. 9 to 12 | Tools Of Financial Statement Analyse | Ts grewal Solution 2022-2023

#### Question 9: From the following Statement of Profit and Loss of Skills India Ltd. for the year ended 31st March, 2021 and 2022, prepare a Comparative Statement of Profit and Loss:

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

#### Prepare comparative Statement of Profit and Loss from following:

 Particulars 2019 2020 Revenue from Operations 20,00,000 25,00,000 Cost of material consumed 10,00,00o 13,00,000 Other Expenses Nil 1,20,000 Tax rate 50% 50%

(CBSE Sample paper 2020)

 Comparative Statement of Profit and Loss as at 31st March, 2020 Particulars Note No. 31st March, 2019 (`) 31st March, 2020 (`) Absolute Change (Increase/Decrease)(`) Percentage Change (Increase/Decrease)(%) (A) (B) (C = A-B) (D = C/A×100) Revenue from Operations 20,00,000 25,00,000 5,00,000 25 Cost of material consumed 10,00,00o 13,00,000 3,00,000 30 Other expenses - 1,20,000 1,20,000 - Total Expenses 10,00,000 14,20,000 4,20,000 42 Profit before Tax 10,00,000 10,80,000 80,000 8 Less: Tax 50% 5,00,000 5,40,000 40,000 8 Profit after Tax 5,00,000 5,40,000 40,000 8

#### 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)

 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 16,00,000 6,00,000 60.00 Expenses Cost of Materials Consumed 5,00,000 10,00,000 5,00,000 100.00 Employee Benefit Expenses 80,000 40,000 (40,000) (50.00) Other Indirect Expenses 60,000 80,000 20,000 33.33 Total Expenses 6,40,000 11,20,000 4,80,000 75.00 Profit before Tax 3,60,000 4,80,000 1,20,000 33.33 Less: Tax 40% 1,44,000 1,92,000 48,000 33.33 Profit after Tax 2,16,000 2,88,000 72,000 33.33

Class : 11th | Ts Grewal solution 2022-2023

Volume 3 | Chapter 3: Tools Of Financial Statement Analyse

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