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प्रश्न
From the following information, prepare Comparative Statement of Profit and Loss showing increase, decrease and percentage:
| Particulars | 31st March, 2019 |
31st March, 2018 |
||
| Cost of Materials Consumed | ₹ 13,44,000 |
₹ 6,00,000 |
||
| Revenue from Operations (% of Materials Consumed) | 125% |
200% |
||
| Other Expenses (% of Operating Revenue) | 10% | 10% | ||
| Tax Rate | 50% | 50% | ||
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उत्तर
Comparative Income Statement
for the year ended 31st March, 2018 and 2019
|
Particulars |
March 31, 2018 (₹) |
March 31, 2019 (₹) |
Absolute Change (₹) |
Percentage Change (%) |
|
I. Revenue from Operations (WN1) |
12,00,000 |
16,80,000 |
4,80,000 |
40.00 |
|
II. Expenses |
|
|
|
|
|
a. Cost of Material Consumed |
6,00,000 |
13,44,000 |
7,44,000 |
124.00 |
|
b. Other Expenses (WN2) |
1,20,000 |
1,68,000 |
48,000 |
40.00 |
|
|
7,20,000 |
15,12,000 |
7,92,000 |
110.00 |
| Profit before Income Tax (I-II) | 4,80,000 | 1,68,000 | (3,12,000) | (65.00) |
|
Less: Income Tax @ 50% |
2,40,000 |
84,000 |
(1,56,000) |
(65.00) |
|
Profit after Income Tax |
2,40,000 |
84,000 |
1,56,000 |
(65.00) |
|
Particulars |
2018 (₹) |
2019 (₹) |
|
Cost of Materials Consumed |
6,00,000 |
13,44,000 |
|
% of Materials Consumed |
200% |
125% |
|
Revenue from Operations |
12,00,000 |
16,80,000 |
WN 2 Computation of Other Expenses
|
Particulars |
2018 (₹) |
2019 (₹) |
|
Revenue From Operations |
12,00,000 |
16,80,000 |
|
% of Operating Revenue |
10% |
10% |
|
Other Expenses |
1,20,000 |
1,68,000 |
