Question

From the following statement of profit and loss of skills India Limited for the year ended 31st March
2018 and 2019.Prepare a comparative statement of profit and loss
PARTICULAR
NOTE
NO.
Revenue from operations
Employees benefit expenses
Other expenses
tax rate 30%
2018-19
Rs.
45,00,000
10,00,000
5,00,000
2017-18
Rs.
20,00,000
8,00,000
2,00,000​

Answer 1

Comparative Statement of Profit/ Loss

Answer:

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Comparative Statements

Statements prepared in a form that reflect financial data for two or more periods or firms are known as comparative Statements. Comparative Statements can be prepared for balance sheet as well as profit and loss account.