T S Grewal Solutions 2026-27 [Class 12] – Comparative and Common Size Statements– Q 21 to 30

Comparative and Common Size Statements /

Solution for Q 21 to 30 of Chapter 3 of Book 3 - Analysis of Financial Statements of T S Grewal Class 12 Accountancy 2026-27 are given below. The Chapter name is Comparative and Common Size Statements class 12. These Solutions are based on topics Preparation of Common size balance sheet and preparation of common size Statement of Profit and Loss.

Working notes are given with each solution. These help in understanding the steps and are also important for board exams as marks are given for steps.

These solutions are also useful for CA Foundation, CS Foundation and CMA Foundation students. The solutions will be helpful for students as well as teachers teaching class 12 accounts.

Question 21
Common Size Balance Sheet as at 31-Mar-2023
Particulars Note No     % of Balance Sheet Total
            31-Mar-22 31-Mar-23 31-Mar-22 31-Mar-23
I. Equity and Liabilities            
      1. Shareholders' Funds            
           Share Capital     250000 400000 50 50
      2. Non-Current Liabilities            
           Long Term Borrowings     150000 200000 30 25
      3. Current Liabilities            
           Trade Payables     100000 200000 20 25
                   
Total     500000 800000 100 100
II. Assets            
      1. Non-Current Assets            
           Property, Plant and Equipment-Tangible     350000 400000 70 50
      2. Current Assets            
           Inventories     70000 200000 14 25
           Trade Receivables     80000 200000 16 25
           Cash and Cash Equivalents            
                   
Total           500000 800000 100 100
▶ Video Solution: Coming Soon
Question 22
Common Size Balance Sheet as at 31-Mar-2026
Particulars Note No Absolute Amount % of Balance Sheet Total
            31-Mar-25 31-Mar-26 31-Mar-25 31-Mar-26
I. Equity and Liabilities            
      1. Shareholders' Funds            
           Share Capital     1800000 3200000 37.5 50
           Reserves and Surplus     600000 800000 12.5 12.5
      2. Non-Current Liabilities            
           Long Term Borrowings     1200000 1600000 25 25
      3. Current Liabilities            
           Short Term Borrowings     1200000 800000 25 12.5
                   
Total     4800000 6400000 100 100
II. Assets            
      1. Non-Current Assets            
           Property, Plant and Equipment-Tangible     1600000 1800000 33.33 28.12
           Non-Current Investments     600000 800000 12.5 12.5
      2. Current Assets            
           Inventories     800000 1000000 16.67 15.62
           Trade Receivables     1200000 1600000 25 25
           Cash and Cash Equivalents     600000 1200000 12.5 18.75
                   
Total           4800000 6400000 100 100
▶ Video Solution: Coming Soon
Question 23
Common Size Statement of Profit and Loss for the year ended 31-Mar-2025 and 31-Mar-2026
Particulars Note No Absolute Amount % of Net Sales
            31-Mar-25 31-Mar-26 31-Mar-25 31-Mar-26
I. Revenue from Operations (Net Sales)           2000000 2500000 100 100
II. Other Income            
III. Total Revenue (I + II)     2000000 2500000 100 100
                   
IV. Expenses            
    (d) Employee Benefit Expenses     700000 1000000 35 40
    (g) Other Expenses     300000 200000 15 8
Total Expenses     1000000 1200000 50 48
                   
V. Profit Before Tax (III - IV)     1000000 1300000 50 52
VI. Less : Income Tax     400000 520000 20 20.8
VII. Profit After Tax (V - VI)           600000 780000 30 31.2
▶ Video Solution: Coming Soon
Question 24
Common Size Statement of Profit and Loss for the year ended 31-Mar-2022 and 31-Mar-2023
Particulars Note No Absolute Amount % of Net Sales
            31-Mar-22 31-Mar-23 31-Mar-22 31-Mar-23
I. Revenue from Operations (Net Sales)           2000000 4000000 100 100
II. Other Income            
III. Total Revenue (I + II)     2000000 4000000 100 100
                   
IV. Expenses            
(a) Cost of Materials Consumed            
(b) Purchases of Stock in Trade     200000 400000 10 10
(c) Changes in inventories            
(d) Employee Benefit Expenses            
(e) Finance Costs            
(f) Depreciation and Amortization            
(g) Other Expenses     20000 40000 1 1
Total Expenses     220000 440000 11 11
                   
V. Profit Before Tax (III - IV)     1780000 3560000 89 89
VI. Less : Income Tax     890000 1780000 44.5 44.5
VII. Profit After Tax (V - VI)           890000 1780000 44.5 44.5
▶ Video Solution: Coming Soon
Question 25
Common Size Statement of Profit and Loss for the year ended 31-Mar-2023 and 31-Mar-2024
Particulars Note No Absolute Amount % of Net Sales
            31-Mar-23 31-Mar-24 31-Mar-23 31-Mar-24
I. Revenue from Operations (Net Sales)           4000000 5000000 100 100
II. Other Income            
III. Total Revenue (I + II)     4000000 5000000 100 100
                   
IV. Expenses            
Cost of Revenue from operations     2000000 2500000 50 50
Other Expenses     400000 500000 10 10
Total Expenses     2400000 3000000 60 60
                   
V. Profit Before Tax (III - IV)     1600000 2000000 40 40
VI. Less : Income Tax     800000 1000000 20 20
VII. Profit After Tax (V - VI)           800000 1000000 20 20
Hari Darshan Ltd
▶ Video Solution: Coming Soon
Question 26
Common Size Statement of Profit and Loss for the year ended 31-Mar-2018 and 31-Mar-2019
Particulars Note No Absolute Amount % of Net Sales
            31-Mar-25 31-Mar-26 31-Mar-25 31-Mar-26
I. Revenue from Operations (Net Sales)           1000000 2000000 100 100
II. Other Income     50000 60000 5 3
III. Total Revenue (I + II)     1050000 2060000 105 103
                   
IV. Expenses            
(a) Cost of Materials Consumed            
(b) Purchases of Stock in Trade     420000 770000 42 38.5
(c) Changes in inventories     80000 120000 8 6
(d) Employee Benefit Expenses            
(e) Finance Costs            
(f) Depreciation and Amortization            
(g) Other Expenses     30000 52000 3 2.6
Total Expenses     530000 942000 53 47.1
                   
V. Profit Before Tax (III - IV)     520000 1118000 52 55.9
VI. Less : Income Tax     260000 559000 26 27.95
VII. Profit After Tax (V - VI)           260000 559000 26 27.95
▶ Video Solution: Coming Soon
Question 27
  NK Ltd
Common Size Statement of Profit and Loss for the year ended 31-Mar-2022 and 31-Mar-2023
Particulars Note No Absolute Amount % of Net Sales
            2021-2022 2022-2023 2021-2022 2022-2023
I. Revenue from Operations (Net Sales)           2000000 2500000 100 100
II. Other Income     0 0 0 0
III. Total Revenue (I + II)     2000000 2500000 100 100
                   
IV. Expenses            
(a) Cost of Materials Consumed     600000 800000 30 32
(b) Purchases of Stock in Trade            
(c) Changes in inventories            
(d) Employee Benefit Expenses     400000 400000 20 16
(e) Finance Costs            
(f) Depreciation and Amortization            
(g) Other Expenses            
Total Expenses     1000000 1200000 50 48
                   
V. Profit Before Tax (III - IV)     1000000 1300000 50 52
VI. Less : Income Tax     300000 260000 15 10.4
VII. Profit After Tax (V - VI)           700000 1040000 35 41.6
▶ Video Solution: Coming Soon
Question 28
Common Size Statement of Profit and Loss for the year ended 31-Mar-2025 and 31-Mar-2026
Particulars Note No Absolute Amount % of Net Sales
            31-Mar-25 31-Mar-26 31-Mar-25 31-Mar-26
I. Revenue from Operations (Net Sales)           2000000 2500000 100 100
II. Other Income     50000 100000 2.5 4
III. Total Revenue (I + II)     2050000 2600000 102.5 104
                   
IV. Expenses            
(a) Cost of Materials Consumed     1000000 1500000 50 60
(b) Purchases of Stock in Trade            
(c) Changes in inventories            
(d) Employee Benefit Expenses     200000 300000 10 12
(e) Finance Costs            
(f) Depreciation and Amortization            
(g) Other Expenses     150000 200000 7.5 8
Total Expenses     1350000 2000000 67.5 80
                   
V. Profit Before Tax (III - IV)     700000 600000 35 24
VI. Less : Income Tax     200000 250000 10 10
VII. Profit After Tax (V - VI)           500000 350000 25 14.0
Note : Other expenses will be shown after deducting prov for tax
           Prov for tax will be shown under income tax
▶ Video Solution: Coming Soon
Question 29
Common Size Statement of Profit and Loss for the year ended ….....
Particulars Note No Absolute % of Nsale Explain  
                   
I. Revenue from Operations (Net Sales)           1500000 100    
II. Other Income     60000 4 60000/1500000*100  
III. Total Revenue (I + II)     1560000 104    
                   
IV. Expenses            
(a) Cost of Materials Consumed            
(b) Purchases of Stock in Trade     750000 50 750000/1500000*100  
(c) Changes in inventories     50000 3.33 50000/1500000*100  
(d) Employee Benefit Expenses            
(e) Finance Costs            
(f) Depreciation and Amortization            
(g) Other Expenses     210000 14.0 210000/1500000*100  
Total Expenses     1010000 67.33 1010000/1500000*100  
                   
V. Profit Before Tax (III - IV)     550000 36.67 550000/1500000*100  
VI. Less : Income Tax     0 0    
VII. Profit After Tax (V - VI)           550000 36.67 550000/1500000*100  
▶ Video Solution: Coming Soon
Question 30
Common Size Statement of Profit and Loss for the year ended Year I and Year II
Particulars Note No     % of Net Sales
            Year I Year II Year I Year II
I. Revenue from Operations (Net Sales)           1400000 1600000 100 100
II. Other Income            
III. Total Revenue (I + II)     1400000 1600000 100 100
                   
IV. Expenses            
(a) Cost of Materials Consumed            
(b) Purchases of Stock in Trade     900000 1000000 64.29 62.5
(c) Changes in inventories     100000 180000 7.14 11.25
(d) Employee Benefit Expenses            
(e) Finance Costs     80000 80000 5.71 5
(f) Depreciation and Amortization            
(g) Other Expenses     90000 130000 6.43 8.12
Total Expenses     1170000 1390000 83.57 86.88
                   
V. Profit Before Tax (III - IV)     230000 210000 16.43 13.12
VI. Less : Income Tax     40000 36000 2.86 2.25
VII. Profit After Tax (V - VI)           190000 174000 13.57 10.88
▶ Video Solution: Coming Soon

Q 1-10 | Q 11-20 | Q 21-30 

T S Grewal Solutions – Comparative and Common Size Statements – All Questions

T S Grewal Solutions Class 12 2026-27 – All Chapters

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