Question

Operations.
12. Prepare a Comparative Statement of Profit and loss from the following information
extracted from the Statement of Profit and loss for the years ended 31" March, 2019
&31" March 2020:
PARTICULARS
31.03.2020(Rs.)
31.03.2019(Rs.)
Revenue from Operation
400% of Cost of Materials Consumed 300% of Cost of Materials Consumed
Cost of Material Consumed
Rs. 4,40,000
Rs. 4,00,000
Other Expenses
30% of Cost of Materials Consumed 20% of Cost of Materials Consumed
Tax Rate
50%
50%
11. From​

Answer 1

Answer:

ANSWER

Comparative 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%

Explanation:

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