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From the Following Statement of Profit and Loss of Ajanta Ltd, Year Ended 31st March 2013, Prepare a Comparative Statement of Profit and Loss : Rate of Income Tax Was 50%. - Accountancy

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प्रश्न

From the following Statement of profit and loss of Ajanta Ltd, year ended 31st March 2013, prepare a comparative statement of Profit and Loss :

Particular

2012-13

Rs

2011-12

Rs

Revenue from operation 20,00,000 18,00,000
Other expenses 4,00,000 6,00,000
Expenses 19,00,000 17,00,000

Rate of Income tax was 50%.

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उत्तर

Comparative Income Statement
For the years ended 31st March 2012 & 2013
Particulars 2012-13 2011-12 Absolute Change % Change
i. Revenue from operations 20,00,000 18,00,000 2,00,000 11.11
ii. Other Income 4,00,000 6,00,000 (2,00,000) (33.34)
iii. Total Revenue (I+II) 24,00,000 24,00,000 Nil Nil
iv. Expense 19,00,000 17,00,000 2,00,000 11.76
Profit before Income Tax(III-IV) 5,00,000 7,00,000 (2,00,000) 28.57
Less: Income Tax 2,50,000 3,50,000 (1,00,000) (28.57)
Profit after Income Tax 2,50,000 3,50,000 (1,00,000) 28.57
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2013-2014 (March) All India Set 3
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