Solution for Q 01 to 10 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 Comparative Balance sheet and Preparation of comparative 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 1
| Jaico Ltd | |
| Comparative Balance Sheet as at 31-Mar-2026 | |
| Particulars | Note No | 31-Mar-25 | 31-Mar-26 | Abs. Change | % Change | ||||
| A | B | C = B - A | D=C/A X 100 | ||||||
| I. Equity and Liabilities | |||||||||
| 1. Shareholders' Funds | 3000000 | 4500000 | 1500000 | 50 | |||||
| 2. Non-Current Liabilities | 1500000 | 1500000 | 0 | 0 | |||||
| 3. Current Liabilities | 500000 | 1500000 | 1000000 | 200 | |||||
| Total | 5000000 | 7500000 | 2500000 | 50 | |||||
| II. Assets | |||||||||
| 1. Non-Current Assets | 3500000 | 5250000 | 1750000 | 50 | |||||
| 2. Current Assets | 1500000 | 2250000 | 750000 | 50 | |||||
| Total | 5000000 | 7500000 | 2500000 | 50 | |||||
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Question 10
| Comparative Statement of Profit and Loss for the year ended 31-Mar-2018 |
| Particulars | Note No | 31-Mar-17 | 31-Mar-18 | Abs. Change | % Change | ||||
| A | B | C = B - A | D=C/A X 100 | ||||||
| I. Revenue from Operations | 1000000 | 1600000 | 600000 | 60% | |||||
| II. Other Income | |||||||||
| III. Total Revenue (I + II) | 1000000 | 1600000 | 600000 | 60% | |||||
| IV. Expenses | |||||||||
| (a) Cost of Materials Consumed | 500000 | 1000000 | 500000 | 100% | |||||
| (b) Purchases of Stock in Trade | |||||||||
| (c) Changes in inventories | |||||||||
| (d) Employee Benefit Expenses | 80000 | 40000 | -40000 | -50% | |||||
| (e) Finance Costs | |||||||||
| (f) Depreciation and Amortization | |||||||||
| (g) Other Expenses | 60000 | 80000 | 20000 | 33.33% | |||||
| Total Expenses | 640000 | 1120000 | 480000 | 75% | |||||
| V. Profit Before Tax (III - IV) | 360000 | 480000 | 120000 | 33.33% | |||||
| VI. Less : Income Tax | 144000 | 192000 | 48000 | 33.33% | |||||
| VII. Profit After Tax (V - VI) | 216000 | 288000 | 72000 | 33.33% | |||||
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Question 2
| Paras Milk Ltd | |
| Comparative Balance Sheet as at 31-Mar-2026 | |
| Particulars | Note No | 31-Mar-25 | 31-Mar-26 | Abs. Change | % Change | ||||
| A | B | C = B - A | D=C/A X 100 | ||||||
| I. Equity and Liabilities | |||||||||
| 1. Shareholders' Funds | |||||||||
| Share Capital | 300000 | 350000 | 50000 | 16.67 | |||||
| 2. Non-Current Liabilities | |||||||||
| Long Term Borrowings | 200000 | 100000 | -100000 | -50 | |||||
| 3. Current Liabilities | |||||||||
| Trade Payables | 100000 | 150000 | 50000 | 50 | |||||
| Total | 600000 | 600000 | 0 | 0 | |||||
| II. Assets | |||||||||
| 1. Non-Current Assets | |||||||||
| Property, Plant and Equipment-Tangible | 300000 | 400000 | 100000 | 33.33 | |||||
| 2. Current Assets | |||||||||
| Trade Receivables | 300000 | 200000 | -100000 | -33.33 | |||||
| Total | 600000 | 600000 | 0 | 0 | |||||
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Question 3
| Gold Marsh Ltd | |
| Comparative Balance Sheet as at 31-Mar-2026 | |
| Particulars | Note No | 31-Mar-25 | 31-Mar-26 | Abs. Change | % Change | ||||
| A | B | C = B - A | D=C/A X 100 | ||||||
| I. Equity and Liabilities | |||||||||
| 1. Shareholders' Funds | |||||||||
| Share Capital | 1000000 | 1500000 | 500000 | 50% | |||||
| Reserves and Surplus | 1000000 | 1000000 | 0 | 0% | |||||
| 2. Non-Current Liabilities | |||||||||
| Long Term Borrowings | 200000 | 800000 | 600000 | 300% | |||||
| 3. Current Liabilities | |||||||||
| Trade Payables | 300000 | 500000 | 200000 | 66.67% | |||||
| Total | 2500000 | 3800000 | 1300000 | 52% | |||||
| II. Assets | |||||||||
| 1. Non-Current Assets | |||||||||
| Property, Plant and Equipment | |||||||||
| Tangible Assets | 1500000 | 2500000 | 1000000 | 66.67% | |||||
| Intangible Assets | 500000 | 500000 | 0 | 0% | |||||
| 2. Current Assets | |||||||||
| Trade Receivables | 350000 | 600000 | 250000 | 71.43% | |||||
| Cash and Cash Equivalents | 150000 | 200000 | 50000 | 33.33% | |||||
| Total | 2500000 | 3800000 | 1300000 | 52% | |||||
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Question 4
| Sandesh Ltd | |
| Comparative Balance Sheet as at 31-Mar-2026 | |
| Particulars | Note No | 31-Mar-24 | 31-Mar-25 | Abs. Change | % Change | ||||
| A | B | C = B - A | D=C/A X 100 | ||||||
| I. Equity and Liabilities | |||||||||
| 1. Shareholders' Funds | |||||||||
| Share Capital | 244000 | 326000 | 82000 | 33.61% | |||||
| Reserves and Surplus | 100000 | 100000 | 0 | 0% | |||||
| 2. Non-Current Liabilities | |||||||||
| Long Term Borrowings | 438000 | 696000 | 258000 | 58.90% | |||||
| 3. Current Liabilities | |||||||||
| Trade Payables | 78000 | 298000 | 220000 | 282.05% | |||||
| Total | 860000 | 1420000 | 560000 | 65.12% | |||||
| II. Assets | |||||||||
| 1. Non-Current Assets | |||||||||
| Property, Plant and Equipment | |||||||||
| Tangible Assets | 430000 | 568000 | 138000 | 32.09% | |||||
| Intangible Assets | 4000 | 6000 | 2000 | 50% | |||||
| 2. Current Assets | |||||||||
| Trade Receivables | 376000 | 646000 | 270000 | 71.81% | |||||
| Cash and Cash Equivalents | 50000 | 200000 | 150000 | 300% | |||||
| Total | 860000 | 1420000 | 560000 | 65.12% | |||||
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Question 5
| Hopeful Ltd | |
| Comparative Balance Sheet as at 31-Mar-2026 | |
| Particulars | Note No | 31-Mar-25 | 31-Mar-26 | Abs. Change | % Change | ||||
| A | B | C = B - A | D=C/A X 100 | ||||||
| I. Equity and Liabilities | |||||||||
| 1. Shareholders' Funds | |||||||||
| Share Capital | |||||||||
| Equity Share Capital | 400000 | 400000 | 0 | 0% | |||||
| Preference Share Capital | 100000 | 100000 | 0 | 0% | |||||
| Reserves and Surplus | 110000 | 120000 | 10000 | 9.09% | |||||
| 2. Non-Current Liabilities | |||||||||
| Long Term Borrowings | 450000 | 450000 | 0 | 0% | |||||
| Long Term Provisions | 100000 | 50000 | -50000 | -50% | |||||
| 3. Current Liabilities | |||||||||
| Trade Payables | 330000 | 530000 | 200000 | 60.61% | |||||
| Short Term Provisions | 50000 | 50000 | 0 | 0% | |||||
| Total | 1540000 | 1700000 | 160000 | 10.39% | |||||
| II. Assets | |||||||||
| 1. Non-Current Assets | |||||||||
| Property, Plant and Equipment-Tangible | 1040000 | 990000 | -50000 | -4.81% | |||||
| Non Current Investments | 100000 | 100000 | 0 | 0% | |||||
| 2. Current Assets | |||||||||
| Trade Receivables | 300000 | 500000 | 200000 | 66.67% | |||||
| Cash and Cash Equivalents | 100000 | 110000 | 10000 | 10% | |||||
| Total | 1540000 | 1700000 | 160000 | 10.39% | |||||
| Notes to Accounts |
| Particulars | 31-Mar-25 | 31-Mar-26 | Abs. Change | % Change | |||||
| Long term Borrowings | |||||||||
| Bank Loan | 450000 | 350000 | -100000 | -22.22% | |||||
| 8% Debentures | 100000 | 100000 | |||||||
| Cash and Cash Equivalents | |||||||||
| Bank Balance | 90000 | 100000 | 10000 | 11.11% | |||||
| Cash in Hand | 10000 | 10000 | 0 | 0% | |||||
| Comment on Absolute change | |||||||||
| Share capital | 0 | No Change | |||||||
| Reserves and Surplus | 100000 | Increase | |||||||
| Long Term Borrowings | |||||||||
| Bank Loan | 100000 | Decrease | |||||||
| 8% Debentures | 100000 | Increase | |||||||
| Long term Provisions | 50000 | Decrease | |||||||
| Current Liabilities | |||||||||
| Trade Payables | 200000 | Increase | |||||||
| Short Term Provisions | 0 | No Change | |||||||
| PPE - Fixed Assets(Tangible) | 50000 | Decrease | |||||||
| Trade Receivables | 200000 | Increase | |||||||
| Cash and Cash Equivalents | 10000 | Increase | |||||||
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Question 6
| Royal Industries Ltd | |
| Comparative Balance Sheet as at 31-Mar-2026 | |
| Particulars | Note No | 31-Mar-25 | 31-Mar-26 | Abs. Change | % Change | ||||
| A | B | C = B - A | D=C/A X 100 | ||||||
| I. Equity and Liabilities | |||||||||
| 1. Shareholders' Funds | |||||||||
| Share Capital | |||||||||
| Equity Share Capital | 500000 | 1000000 | 500000 | 100% | |||||
| Reserves and Surplus | 100000 | 100000 | 0 | 0% | |||||
| 2. Non-Current Liabilities | |||||||||
| Long Term Borrowings | 300000 | 200000 | -100000 | -33.33% | |||||
| 3. Current Liabilities | |||||||||
| Trade Payables | 100000 | 200000 | 100000 | 100% | |||||
| Total | 1000000 | 1500000 | 500000 | 50% | |||||
| II. Assets | |||||||||
| 1. Non-Current Assets | |||||||||
| Property, Plant and Equipment | |||||||||
| Tangible Assets | 400000 | 800000 | 400000 | 100% | |||||
| Intangible Assets | 200000 | 200000 | 0 | 0% | |||||
| Non Current Investments | 200000 | 200000 | 0 | 0% | |||||
| 2. Current Assets | |||||||||
| Inventories | 150000 | 250000 | 100000 | 66.67% | |||||
| Cash and Cash Equivalents | 50000 | 50000 | 0 | 0% | |||||
| Total | 1000000 | 1500000 | 500000 | 50% | |||||
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Question 7
| Comparative Statement of Profit and Loss for the year ended 31-Mar-2026 |
| Particulars | Note No | 31-Mar-25 | 31-Mar-26 | Abs. Change | % Change | ||||
| A | B | C = B - A | D=C/A X 100 | ||||||
| I. Revenue from Operations | 2000000 | 3000000 | 1000000 | 50 | |||||
| II. Other Income | 400000 | 360000 | -40000 | -10 | |||||
| III. Total Revenue (I + II) | 2400000 | 3360000 | 960000 | 40 | |||||
| IV. Expenses | 1200000 | 2100000 | 900000 | 75 | |||||
| Total Expenses | 1200000 | 2100000 | 900000 | 75 | |||||
| V. Profit Before Tax (III - IV) | 1200000 | 1260000 | 60000 | 5 | |||||
| VI. Less : Income Tax | 0 | 0 | 0 | 0 | |||||
| VII. Profit After Tax (V - VI) | 1200000 | 1260000 | 60000 | 5 | |||||
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Question 8
| Comparative Statement of Profit and Loss for the year ended 31-Mar-2024 |
| Particulars | Note No | 31-Mar-23 | 31-Mar-24 | Abs. Change | % Change | ||||
| A | B | C = B - A | D=C/A X 100 | ||||||
| I. Revenue from Operations | 2000000 | 2500000 | 500000 | 25% | |||||
| II. Other Income | |||||||||
| III. Total Revenue (I + II) | 2000000 | 2500000 | 500000 | 25% | |||||
| IV. Expenses | |||||||||
| (a) Cost of Materials Consumed | |||||||||
| (b) Purchases of Stock in Trade | |||||||||
| (c) Changes in inventories | |||||||||
| (d) Employee Benefit Expenses | 250000 | 375000 | 125000 | 50% | |||||
| (e) Finance Costs | |||||||||
| (f) Depreciation and Amortization | |||||||||
| (g) Other Expenses | 1000000 | 1375000 | 375000 | 37.50% | |||||
| Total Expenses | 1250000 | 1750000 | 500000 | 40% | |||||
| V. Profit Before Tax (III - IV) | 750000 | 750000 | 0 | 0% | |||||
| VI. Less : Income Tax | 225000 | 225000 | 0 | 0% | |||||
| VII. Profit After Tax (V - VI) | 525000 | 525000 | 0 | 0% | |||||
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Question 9
| Comparative Statement of Profit and Loss for the year ended 31-Mar-2020 |
| Particulars | Note No | 31-Mar-19 | 31-Mar-20 | Abs. Change | % Change | ||||
| A | B | C = B - A | D=C/A X 100 | ||||||
| I. Revenue from Operations | 2000000 | 2500000 | 500000 | 25% | |||||
| II. Other Income | |||||||||
| III. Total Revenue (I + II) | 2000000 | 2500000 | 500000 | 25% | |||||
| IV. Expenses | |||||||||
| (a) Cost of Materials Consumed | 1000000 | 1300000 | 300000 | 30% | |||||
| (b) Purchases of Stock in Trade | |||||||||
| (c) Changes in inventories | |||||||||
| (d) Employee Benefit Expenses | |||||||||
| (e) Finance Costs | |||||||||
| (f) Depreciation and Amortization | |||||||||
| (g) Other Expenses | 0 | 120000 | 120000 | ||||||
| Total Expenses | 1000000 | 1420000 | 420000 | 42% | |||||
| V. Profit Before Tax (III - IV) | 1000000 | 1080000 | 80000 | 8% | |||||
| VI. Less : Income Tax | 500000 | 540000 | 40000 | 8% | |||||
| VII. Profit After Tax (V - VI) | 500000 | 540000 | 40000 | 8% | |||||
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T S Grewal Solutions – Comparative and Common Size Statements – All Questions