Question

EXAMPLE 11 From the following information prepare a comparative statement of profit and loss of
V Ltd for the year ended 31st March, 2015.
31st March, 2015
31st March, 2014
Particulars
Amt (3)
Amt (3)
Revenue from Operations
20,00,000
10.00,000
Cost of Matenal Consumed
15,00,000
6,00,000
Other Expenses
12% of Cost of Material
10% of Cost of Material
Consumed
Consumed
Tax Rate
40%
30%
Prepare comparative statement of profit and loss.
Delhi (C) 2014
E​

Answer 1

Answer:

31st 2014

2000000

600000

10%

40%