Question

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%​

Answer 1

Answer:

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%