Solution for Q 11 to 20 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 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 11
| Kalyan Ltd.. | |
| 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 | 4500000 | 6000000 | 1500000 | 33.33% | |||||
| II. Other Income | |||||||||
| III. Total Revenue (I + II) | 4500000 | 6000000 | 1500000 | 33.33% | |||||
| IV. Expenses | |||||||||
| (a) Cost of Materials Consumed | |||||||||
| (b) Purchases of Stock in Trade | |||||||||
| (c) Changes in inventories | |||||||||
| (d) Employee Benefit Expenses | 2250000 | 3000000 | 750000 | 33.33% | |||||
| (e) Finance Costs | |||||||||
| (f) Depreciation and Amortization | 600000 | 750000 | 150000 | 25% | |||||
| (g) Other Expenses | 1000000 | 1550000 | 550000 | 55.00% | |||||
| Total Expenses | 3850000 | 5300000 | 1450000 | 37.66% | |||||
| V. Profit Before Tax (III - IV) | 650000 | 700000 | 50000 | 7.69% | |||||
| VI. Less : Income Tax | 195000 | 210000 | 15000 | 7.69% | |||||
| VII. Profit After Tax (V - VI) | 455000 | 490000 | 35000 | 7.69% | |||||
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Question 12
| 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 | 2500000 | 3750000 | 1250000 | 50% | |||||
| II. Other Income | 500000 | 450000 | -50000 | -10% | |||||
| III. Total Revenue (I + II) | 3000000 | 4200000 | 1200000 | 40% | |||||
| IV. Expenses | |||||||||
| (a) Cost of Materials Consumed | 1250000 | 2250000 | 1000000 | 80% | |||||
| (b) Purchases of Stock in Trade | |||||||||
| (c) Changes in inventories | |||||||||
| (d) Employee Benefit Expenses | |||||||||
| (e) Finance Costs | |||||||||
| (f) Depreciation and Amortization | |||||||||
| (g) Other Expenses | 250000 | 375000 | 125000 | 50% | |||||
| Total Expenses | 1500000 | 2625000 | 1125000 | 75% | |||||
| V. Profit Before Tax (III - IV) | 1500000 | 1575000 | 75000 | 5% | |||||
| VI. Less : Income Tax | 750000 | 787500 | 37500 | 5% | |||||
| VII. Profit After Tax (V - VI) | 750000 | 787500 | 37500 | 5% | |||||
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Question 13
| 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 | 1500000 | 500000 | 50% | |||||
| II. Other Income | 500000 | 900000 | 400000 | 80% | |||||
| III. Total Revenue (I + II) | 1500000 | 2400000 | 900000 | 60% | |||||
| IV. Expenses | |||||||||
| (a) Cost of Materials Consumed | |||||||||
| (b) Purchases of Stock in Trade | |||||||||
| (c) Changes in inventories | |||||||||
| (d) Employee Benefit Expenses | 450000 | 960000 | 510000 | 113.33% | |||||
| (e) Finance Costs | |||||||||
| (f) Depreciation and Amortization | |||||||||
| (g) Other Expenses | |||||||||
| Total Expenses | 450000 | 960000 | 510000 | 113.33% | |||||
| V. Profit Before Tax (III - IV) | 1050000 | 1440000 | 390000 | 37.14% | |||||
| VI. Less : Income Tax | 420000 | 576000 | 156000 | 37.14% | |||||
| VII. Profit After Tax (V - VI) | 630000 | 864000 | 234000 | 37.14% | |||||
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Question 14
| 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 | 1200000 | 1680000 | 480000 | 40% | |||||
| II. Other Income | |||||||||
| III. Total Revenue (I + II) | 1200000 | 1680000 | 480000 | 40% | |||||
| IV. Expenses | |||||||||
| (a) Cost of Materials Consumed | 600000 | 1344000 | 744000 | 124% | |||||
| (b) Purchases of Stock in Trade | |||||||||
| (c) Changes in inventories | |||||||||
| (d) Employee Benefit Expenses | |||||||||
| (e) Finance Costs | |||||||||
| (f) Depreciation and Amortization | |||||||||
| (g) Other Expenses | 120000 | 168000 | 48000 | 40% | |||||
| Total Expenses | 720000 | 1512000 | 792000 | 110.00% | |||||
| V. Profit Before Tax (III - IV) | 480000 | 168000 | -312000 | -65% | |||||
| VI. Less : Income Tax | 240000 | 84000 | -156000 | -65% | |||||
| VII. Profit After Tax (V - VI) | 240000 | 84000 | -156000 | -65% | |||||
▶ Video Solution: Coming Soon
Question 15
| 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 | 4000000 | 5000000 | 1000000 | 25% | |||||
| II. Other Income | 200000 | 250000 | 50000 | 25% | |||||
| III. Total Revenue (I + II) | 4200000 | 5250000 | 1050000 | 25% | |||||
| IV. Expenses | |||||||||
| (a) Cost of Materials Consumed | |||||||||
| (b) Purchases of Stock in Trade | 3000000 | 4000000 | 1000000 | 33.33% | |||||
| (c) Changes in inventories | 800000 | 1000000 | 200000 | 25% | |||||
| (d) Employee Benefit Expenses | |||||||||
| (e) Finance Costs | |||||||||
| (f) Depreciation and Amortization | |||||||||
| (g) Other Expenses | 400000 | 500000 | 100000 | 25% | |||||
| Total Expenses | 4200000 | 5500000 | 1300000 | 30.95% | |||||
| V. Profit Before Tax (III - IV) | 0 | -250000 | -250000 | ||||||
| VI. Less : Income Tax | 0 | 0 | 0 | ||||||
| VII. Profit After Tax (V - VI) | 0 | -250000 | -250000 | ||||||
▶ Video Solution: Coming Soon
Question 16
| Comparative Statement of Profit and Loss for the year ended 31-Mar-2023 |
| Particulars | Note No | 31-Mar-22 | 31-Mar-23 | Abs. Change | % Change | ||||
| A | B | C = B - A | D=C/A X 100 | ||||||
| I. Revenue from Operations | 200000 | 400000 | 200000 | 100% | |||||
| II. Other Income | 40000 | 80000 | 40000 | 100% | |||||
| III. Total Revenue (I + II) | 240000 | 480000 | 240000 | 100% | |||||
| IV. Expenses | |||||||||
| (a) Cost of Materials Consumed | |||||||||
| (b) Purchases of Stock in Trade | |||||||||
| (c) Changes in inventories | |||||||||
| (d) Employee Benefit Expenses | 100000 | 200000 | 100000 | 100% | |||||
| (e) Finance Costs | |||||||||
| (f) Depreciation and Amortization | |||||||||
| (g) Other Expenses | |||||||||
| Total Expenses | 100000 | 200000 | 100000 | 100% | |||||
| V. Profit Before Tax (III - IV) | 140000 | 280000 | 140000 | 100% | |||||
| VI. Less : Income Tax | 70000 | 140000 | 70000 | 100% | |||||
| VII. Profit After Tax (V - VI) | 70000 | 140000 | 70000 | 100% | |||||
▶ Video Solution: Coming Soon
Question 17
| 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 | 1600000 | 2000000 | 400000 | 25% | |||||
| II. Other Income | 300000 | 440000 | 140000 | 46.67% | |||||
| III. Total Revenue (I + II) | 1900000 | 2440000 | 540000 | 28.42% | |||||
| IV. Expenses | |||||||||
| (a) Cost of Materials Consumed | 600000 | 800000 | 200000 | 33.33% | |||||
| (b) Purchases of Stock in Trade | |||||||||
| (c) Changes in inventories | 200000 | 400000 | 200000 | 100% | |||||
| (d) Employee Benefit Expenses | |||||||||
| (e) Finance Costs | |||||||||
| (f) Depreciation and Amortization | |||||||||
| (g) Other Expenses (see note) | 80000 | 180000 | 100000 | 125% | |||||
| Total Expenses | 880000 | 1380000 | 500000 | 56.82% | |||||
| V. Profit Before Tax (III - IV) | 1020000 | 1060000 | 40000 | 3.92% | |||||
| VI. Less : Income Tax | 306000 | 318000 | 12000 | 3.92% | |||||
| VII. Profit After Tax (V - VI) | 714000 | 742000 | 28000 | 3.92% | |||||
| Working Note : |
| Cost of Revenue from Operations | 31-Mar-25 | 31-Mar-26 | |||||||
| (a) Cost of Materials Consumed | 600000 | 800000 | |||||||
| (b) Purchases of Stock in Trade | 0 | 0 | |||||||
| (c) Changes in inventories | 200000 | 400000 | |||||||
| Total cost of revenue from operations | 800000 | 1200000 | |||||||
| Other Expenses (10% / 15%) | 80000 | 180000 | |||||||
▶ Video Solution: Coming Soon
Question 18
| 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 | 300000 | 350000 | 50000 | 16.67% | |||||
| II. Other Income | |||||||||
| III. Total Revenue (I + II) | 300000 | 350000 | 50000 | 16.67% | |||||
| IV. Expenses | |||||||||
| (a) Cost of Materials Consumed | |||||||||
| (b) Purchases of Stock in Trade | 180000 | 210000 | 30000 | 16.67% | |||||
| (c) Changes in inventories | 20000 | 15000 | -5000 | -25% | |||||
| (d) Employee Benefit Expenses | 15000 | 17500 | 2500 | 16.67% | |||||
| (e) Finance Costs | |||||||||
| (f) Depreciation and Amortization | |||||||||
| (g) Other Expenses | 5000 | 7500 | 2500 | 50% | |||||
| Total Expenses | 220000 | 250000 | 30000 | 13.64% | |||||
| V. Profit Before Tax (III - IV) | 80000 | 100000 | 20000 | 25% | |||||
| VI. Less : Income Tax | 24000 | 30000 | 6000 | 25% | |||||
| VII. Profit After Tax (V - VI) | 56000 | 70000 | 14000 | 25% | |||||
▶ Video Solution: Coming Soon
Question 19
| 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 | 4000000 | 5000000 | 1000000 | 25% | |||||
| II. Other Income | |||||||||
| III. Total Revenue (I + II) | 4000000 | 5000000 | 1000000 | 25% | |||||
| IV. Expenses | |||||||||
| (a) Cost of Materials Consumed | |||||||||
| (b) Purchases of Stock in Trade | 2850000 | 3400000 | 550000 | 19.30% | |||||
| (c) Changes in inventories | 150000 | 100000 | -50000 | -33.33% | |||||
| (d) Employee Benefit Expenses | 100000 | 100000 | 0 | 0% | |||||
| (e) Finance Costs | |||||||||
| (f) Depreciation and Amortization | |||||||||
| (g) Other Expenses | 150000 | 200000 | 50000 | 33.33% | |||||
| Total Expenses | 3250000 | 3800000 | 550000 | 16.92% | |||||
| V. Profit Before Tax (III - IV) | 750000 | 1200000 | 450000 | 60% | |||||
| VI. Less : Income Tax | 0 | 0 | 0 | 0% | |||||
| VII. Profit After Tax (V - VI) | 750000 | 1200000 | 450000 | 60% | |||||
▶ Video Solution: Coming Soon
Question 20
| 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 | 360000 | 540000 | 60 | 60 | |||||
| 2. Non-Current Liabilities | 180000 | 180000 | 30 | 20 | |||||
| 3. Current Liabilities | 60000 | 180000 | 10 | 20 | |||||
| Total | 600000 | 900000 | 100 | 100 | |||||
| II. Assets | |||||||||
| 1. Non-Current Assets | 420000 | 630000 | 70 | 70 | |||||
| 2. Current Assets | 180000 | 270000 | 30 | 30 | |||||
| Total | 600000 | 900000 | 100 | 100 | |||||
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T S Grewal Solutions – Comparative and Common Size Statements – All Questions