From the following Statement of Profit and Loss for the year ended 31st March, 2013, prepare
Comparative Statement of Profit and loss of Good Services Ltd.:
Particulars
Note No. 2012-13
Rs.
2011-12
Rs.
Revenue from Operations
20,00,000 15,00,000
Other Income
10,00,000 4,00,000
Expenses
21,00,000 15,00,000
Rate of Income Tax was 50%
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zComparative Statement of Profit & Loss
For the year ended 31st March, 2017 and 2018
Particulars
2016-17 (Rs.)
2017-18 (Rs.)
Absolute Change (Rs.)
Percentage Change
I. Revenue from Operations
5,00,000
6,00,000
1,00,000
20%
II. Other Income
1,00,000
1,20,000
20,000
20%
Total Revenue (I + II)
6,00,000
7,20,000
1,20,000
20%
Less: Employee Benefit Expenses
1,80,000
2,88,000
1,08,000
60%
Profit before Interest and Tax
4,20,000
4,32,000
12000
2.857%
Less: Tax
2,10,000
2,16,000
6,000
2.857%
Profit After Interest and Tax
2,10,000
2,16,000
6,000
2.857%
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