Question 32 of 34
Q.
From the following particulars, prepare comparative income statement of Arul Ltd.
| Particulars | 2015-16 (₹) | 2016-17 (₹) |
|---|---|---|
| Revenue from operations | 50,000 | 60,000 |
| Other income | 10,000 | 30,000 |
| Expenses | 40,000 | 50,000 |
Tamil Nadu DgeTamil Nadu HSC (DGE) Commerce Board 2026Subjective· 2mImportance★★★★★
94% · 32/34 Questions
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Start your 14-day free trial to unlock the full solution →Prepare the comparative income statement showing 2015-16, 2016-17, absolute change and % change; profit before tax doubles from ₹20,000 to ₹40,000 (+100%).
Method (TN HSC Class-12 Accountancy): Comparative statement = current-year figure minus base-year figure gives the absolute change; percentage change = (absolute change / base-year figure) × 100.
Comparative Income Statement of Arul Ltd.
| Particulars | 2015-16 (₹) | 2016-17 (₹) | Absolute change (₹) | % change |
|---|---|---|---|---|
| Revenue from operations | 50,000 | 60,000 | 10,000 | 20.00 |
| Add: Other income | 10,000 | 30,000 | 20,000 | 200.00 |
| Total revenue (A) | 60,000 | 90,000 | 30,000 | 50.00 |
| Less: Expenses | 40,000 | 50,000 | 10,000 | 25.00 |
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