Question 17 of 34
Q.
From the following particulars, prepare comparative income statement of Tharun Co. Ltd.
| Particulars | 2016 - 17 (₹) | 2017 - 18 (₹) |
|---|---|---|
| Revenue from operations | 1,00,000 | 1,25,000 |
| Other income | 25,000 | 20,000 |
| Expenses | 75,000 | 60,000 |
Tamil Nadu DgeTamil Nadu HSC (DGE) Commerce Board 2022Subjective· 2mImportance★★★★★
50% · 17/34 Questions
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Start your 14-day free trial to unlock the full solution →Setting the two years side by side, total revenue grows ₹1,25,000 → ₹1,45,000 (+16%) while expenses fall 20%, lifting profit before tax from ₹50,000 to ₹85,000 (+70%).
Working: Absolute change = 2017-18 figure − 2016-17 figure; Percentage change = (Absolute change ÷ 2016-17 figure) × 100.
Comparative Income Statement of Tharun Co. Ltd. (for the years ended 2016-17 and 2017-18):
| Particulars | 2016-17 (₹) | 2017-18 (₹) | Absolute change (₹) | Percentage change (%) |
|---|---|---|---|---|
| Revenue from operations | 1,00,000 | 1,25,000 | +25,000 | +25.00 |
| Add: Other income | 25,000 | 20,000 | −5,000 | −20.00 |
| Total revenue (I) | 1,25,000 | 1,45,000 | +20,000 | +16.00 |
| Less: Expenses (II) | 75,000 | 60,000 | −15,000 | −20.00 |
| Profit before tax (I − II) | 50,000 | 85,000 | +35,000 | +70.00 |
| … |
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