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प्रश्न
From the following Information, prepare Comparative Statement of Profit and Loss:
|
Particulars |
31st March, 2019 |
31st March, 2018 |
||
|
Revenue from Operations |
₹ 30,00,000 |
₹ 20,00,000 |
||
|
Other Income (% of Revenue from Operations) |
12% |
20% |
||
| Expenses (% of Operating Revenue) |
70% |
60% |
||
| Tax Rate |
40% |
40% |
||
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उत्तर
Comparative Income Statement
for the year ended March 31, 2018 and 2019
|
Particulars |
March 31, 2018 (₹) |
March 31, 2019 (₹) |
Absolute Change (₹) |
Percentage Change (%) |
|
I. Revenue from operations |
20,00,000 |
30,00,000 |
10,00,000 |
50.00 |
|
II. Other Income |
4,00,000 |
3,60,000 |
(40,000) |
(10.00) |
|
III. Total Revenue (I + II) |
24,00,000 |
33,60,000 |
9,60,000 |
40.00 |
|
IV. Expenses |
12,00,000 |
21,00,000 |
9,00,000 |
75.00 |
|
Profit before Income Tax |
12,00,000 |
12,60,000 |
60,000 |
5.00 |
|
Less: Income Tax @ 40% |
4,80,000 |
5,04,000 |
24,000 |
5.00 |
|
Profit after Income Tax |
7,20,000 |
7,56,000 |
36,000 |
5.00 |
Working Notes:
WN 1 Computation of Other Income
|
Particulars |
2018 (₹) |
2019 (₹) |
|
Revenue From Operations |
20,00,000 |
30,00,000 |
|
% of Revenue From Operations |
20% |
12% |
|
Other Income |
4,00,000 |
3,60,000 |
WN 1 Computation of Expenses
|
Particulars |
2018 (₹) |
2019 (₹) |
|
Revenue From Operations |
20,00,000 |
30,00,000 |
|
% of Revenue From Operations |
60% |
70% |
|
Expenses |
12,00,000 |
21,00,000 |
