Question

12. Following is the Statement of Profit and Loss of Moon India Ltd. for the year ended 31st March,
{CBSE, All India 2016}
2015.
Note
31.03.2015
31.03.2014
Particulars
No.
Revenue from Operations
Other Income
Employee Benefit Expenses
Other Expenses
Tax Rate
50,00,000
2,00,000
60% of Total Revenue
10% of Employee Benefit Exp.
50%
40,00,000
* 10,00,000
50% of Total Revenue
20% of Employee Benefit Exp.
40%
The motto of Moon India Ltd. is to produce and distribute green energy in the backward areas
of India. It has also taken up a project of giving vocational training to the girls belonging to the
backward areas of Rajasthan.
You are required to prepare a Comparative Statement of Profit and Loss of Moon India Ltd. from
the given Statement of Profit and Loss and also identify any two values that the company wishes
to convey to the society.​

Answer 1

Explanation:

Other Income. Employee ... 10% of employee benefit expenses. 50% ... Particulars, Note No , 31st March 2014, 31st March 2015 ... 2015- 2016 (March) All India Set 1 (with solutions).