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प्रश्न
Following is the Statement of Profit and Loss of Moon India Ltd for the year ended 31st March 2015.
| Particulars | Note No. | 31-3-2015 (Rs.) | 31-3-2014 (Rs.) |
|
Revenue from operations Other Income Employee benefit – expenses Other expenses Tax Rate |
50,00,000 2,00,000 60% of the total revenue 10% of employee benefit expenses 50% |
40,00,000 10,00,000 50% of the total revenue 20% of employee benefit expenses 40% |
The motto of Moon India Ltd. is to produce and distribute green energy in the backward areas of India. It has also taken up a project of giving vocational training to the girls belonging to the backward areas of Rajasthan.
You are required to prepare a comparative statement of Profit and Loss of Moon India Ltd. from the given statement of Profit and Loss and also identify any two values that the company wishes to convey to the society.
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उत्तर
Comparative Statement of Profit and Loss
for the year ended March 31,2014 and 2015
| Particulars | Note No | 31st March 2014 | 31st March 2015 |
Absolute Change |
Percentage Change | |
|
1. 2. |
Revenue from operations Other Income |
40,00,000 10,00,000 |
50,00,000 2,00,000 |
10,00,000 (8,00,000) |
25.00 (80.00) |
|
| 3. | Total Revenue (1+2) | 50,00,000 | 52,00,000 | 2,00,000 | 4.00 | |
|
4.
|
Expenses Employee Benefit Expenses Other Expenses |
25,00,000 5,00,000 |
31,20,000 3,12,000 |
6,20,000 (1,88,000) |
24.80 (37.60) |
|
| Total Expenses | 30,00,000 | 34,32,000 | 4,32,000 | 14.40 | ||
|
5.
|
Profit before Tax (3-4) Less: Income Tax |
20,00,000 8,00,000 |
17,68,000 8,84,000 |
(2,32,000) 84,000 |
(11.60) 10.50 |
|
| 6. | Profit after Tax | 12,00,000 | 8,84,000 | (3,16,000) | (26.30) |
The values conveyed by Company are
(i) Rural Development
(ii) Employment opportunities to plenty.
