Comparative Income Statments
AHSEC Solved Question Papers
2025 Question Paper
12. Prepare a Comparative Income Statement from the
following particulars of BP Ltd. 6
|
Particulars |
2022 (₹) |
2023 (₹) |
|
Sales |
4,00,000 |
6,00,000 |
|
Cost of Goods Sold |
60% of Sales |
60% of Sales |
|
Indirect Expenses |
5% of Sales |
5% of Sales |
|
Rate of Income Tax |
50% of Net Profit
before tax |
50% of Net Profit
before tax |
Solution:
|
Particulars |
2022 (₹) |
2023 (₹) |
Absolute Change (₹) |
Percentage Change (%) |
|
1. Sales |
4,00,000 |
6,00,000 |
2,00,000 |
50.00 |
|
2. Less: Cost of Goods Sold (60% of Sales) |
2,40,000 |
3,60,000 |
1,20,000 |
50.00 |
|
3. Gross Profit (1-2) |
1,60,000 |
2,40,000 |
80,000 |
50.00 |
|
4. Less: Indirect Expenses (5% of Sales) |
20,000 |
30,000 |
10,000 |
50.00 |
|
5. Net Profit before Tax (3-4) |
1,40,000 |
2,10,000 |
70,000 |
50.00 |
|
6. Less: Income Tax (50% of Net Profit before
Tax) |
70,000 |
1,05,000 |
35,000 |
50.00 |
|
7. Net Profit after Tax (5-6) |
70,000 |
1,05,000 |
35,000 |
50.00 |
2023 Question Paper
12. Prepare a
Comparative Income Statement from the following particulars: 6
|
Particulars |
2020
(Rs.) |
2021
(Rs.) |
|
Gross Sales Sales Returns Cost of Goods Sold Operating Expenses Income Tax |
1,20,200 10,400 80,000 24,000 50% |
1,35,800 7,600 84,000 18,000 50% |
|
Particulars |
2020 (₹) |
2021 (₹) |
Absolute Change (₹) |
Percentage Change (%) |
|
1. Gross Sales |
1,20,200 |
1,35,800 |
15,600 |
12.98 |
|
2. Less: Sales Returns |
10,400 |
7,600 |
(2,800) |
(26.92) |
|
3. Net Sales (1-2) |
1,09,800 |
1,28,200 |
18,400 |
16.76 |
|
4. Less:
Cost of Goods Sold |
80,000 |
84,000 |
4,000 |
5.00 |
|
5. Gross
Profit (3-4) |
29,800 |
44,200 |
14,400 |
48.32 |
|
6. Less:
Operating Expenses |
24,000 |
18,000 |
(6,000) |
(25.00) |
|
7. Net
Profit before Tax (5-6) |
5,800 |
26,200 |
20,400 |
351.72 |
|
8. Less:
Income Tax (50% of Net Profit before Tax) |
2,900 |
13,100 |
10,200 |
351.72 |
|
9. Net
Profit after Tax (7-8) |
2,900 |
13,100 |
10,200 |
351.72 |
2019 Question Paper
Prepare a
Comparative Income Statement from the following particulars: 5
|
Particulars |
2017 (Rs.) |
2018 (Rs.) |
|
Sales Cost of Goods Sold Administrative Expenses Other Income Income Tax |
4,00,000 2,00,000 40,000 20,000 60,000 |
5,00,000 3,00,000 1,00,000 30,000 70,000 |
Comparative
Income Statement
|
Particulars |
2017 |
2018 |
Changes |
|
|
Absolute |
% |
|||
|
Sales Less:-Cost of goods sold Gross profit Less:-Administration Expenses Add:-Other Income Net profit before tax Less:-Income tax |
4,00,000 2,00,000 |
5,00,000 3,00,000 |
1,00,000 1,00,000 |
25 50 |
|
2,00,000 40,000 |
2,00,000 1,00,000 |
Nil 60,000 |
Nil 150 |
|
|
1,60,000 20,000 |
1,00,000 30,000 |
(60,000) 10,000 |
37.50 50 |
|
|
1,80,000 60,000 |
1,30,000 70,000 |
(50,000) 10,000 |
27.78 16.67 |
|
|
Net profit
after tax |
1,20,000 |
60,000 |
(60,000) |
50 |
2012 Question Paper
Q17:
Prepare a comparative income Statements of Sunny Ltd. with the help of the
following information. (5)
|
Particulars |
2011 (Rs) |
2012 (Rs) |
|
Sales Cost of Goods sold Administrative expenses Income Tax |
6,00,000 40% of sales 20% of gross profit 50% |
8,00,000 50% of Sales 15% of gross profit 50% |
Comparative
Income Statement
|
Particulars |
2009 |
2010 |
Absolute
change |
Percentage
change |
|
Sales Less: Cost
of goods sold |
6,00,000 (2,40,000) |
8,00,000 (4,00,000) |
2,00,000 (1,60,000) |
33.33 66.67 |
|
Gross Profit
Less:
Administrative Expenses |
3,60,000 72,000 |
4,00,000 60,000 |
40,000 (12,000) |
11.11 (16.67) |
|
Operating
Profit Less: Income
Tax – 50% |
2,88,000 1,44,000 |
3,40,000 1,70,000 |
52,000 26,000 |
18.05 18.05 |
|
|
1,44,000 |
1,70,000 |
26,000 |
18.05 |
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