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From the Following Statement of Profit and Loss of Navratan Ltd. for the Year Ended 31st March, 2013, Prepare a Comparative Statement of Profit and Loss: - Accountancy

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प्रश्न

From the following Statement of Profit and Loss of Navratan Ltd. for the year ended 31st March, 2013, prepare a Comparative Statement of Profit and Loss: 

Particulars Note No.  2012 – 13
  Rs
  2011 – 12
  Rs
Revenue from operations   8,05,000 6,14,000
Other Incomes   43,000 51,000
Expenses   5,59,000 4,88,000

Rate of income tax was 40%.

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उत्तर

                 Comparative Income Statement

              for the year ended March 31, 2012 and 2013

Particulars

2012-2013

(Rs)

2011-2012

(Rs)

Absolute

Change

(Rs)

Percentage

Change

(%)

I. Revenue from Operations

8,05,000

6,14,000

1,91,000

31.11

II. Other Income

43,000

51,000

(8,000)

(15.68)

III. Total Revenue (I + II)

8,48,000

6,65,000

1,83,000

27.52

IV. Expenses

5,59,000

4,88,000

71,000

14.55

Profit before Income Tax (III – IV)

2,89,000

1,77,000

1,12,000

63.28

Less: Income Tax (40%)

1,15,600

70,800

44,800

63.28

Profit after Income Tax

1,73,400

1,06,200

67,200

63.28

 

 

 
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2013-2014 (March) Foreign Set 1

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