Question

Following is the information from the Statement of Profit & Loss of XL Limited for the years

ended March 31, 2018 & March 31, 2019:

2018-19 2017-18

Revenue from Operations 18,00,000 15,00,000

Other income 60,000 30,000

Expenses 10,40,000 8,70,000

Income tax 3,00,000 2,50,000

Prepare Comparative Statement of Profit & Loss of XL Limited​

Answer 1

Answer :

Go Through The Attachment ;

Comparative Statement of Profit and Loss

The changes in the absolute data in money values and percentage can be determined to analyse the profitability of the business.

It Shows :

• Absolute Figures.

• Increase or decrease in absolute figures.

• Increase or decrease in Percentage.