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प्रश्न
Prepare a Comparative Statement of Profit & Loss from the information extracted from the Statement of Profit & Loss for the year ended 31st March, 2017 and 2018.
| Particulars | 2017–18 (₹) | 2016–17 (₹) |
| Revenue from Operations | 15,00,000 | 10,00,000 |
| Other Income (% of Revenue from Operations) | 60% | 50% |
| Employee Benefit Expenses (% of total revenue) | 40% | 30% |
| Tax Rate | 40% | 40% |
खातेवही
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उत्तर
| Comparative Statement of Profit & Loss (For the years ended 31st March 2017 and 31st March 2018) |
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| Particulars | 2016–17 (₹) (A) |
2017–18 (₹) (B) |
Absolute Change (C = B - A) |
Percentage Change (D = $\frac{C}{A} \times 100$) |
| I. Revenue from Operations | 10,00,000 | 15,00,000 | 5,00,000 | 50.00% |
| II. Add: Other Income | 5,00,000 | 9,00,000 | 4,00,000 | 80.00% |
| III. Total Revenue (I + II) | 15,00,000 | 24,00,000 | 9,00,000 | 60.00% |
| IV. Less: Expenses | ||||
| (a) Employee Benefit Expenses | 4,50,000 | 9,60,000 | 5,10,000 | 113.33% |
| Total Expenses (IV) | 4,50,000 | 9,60,000 | 5,10,000 | 113.33% |
| V. Profit before Tax (III - IV) | 10,50,000 | 14,40,000 | 3,90,000 | 37.14% |
| VI. Less: Tax @ 40% | 4,20,000 | 5,76,000 | 1,56,000 | 37.14% |
| VII. Profit after Tax (V - VI) | 6,30,000 | 8,64,000 | 2,34,000 | 37.14% |
Working Notes:
1. Calculation of Other Income:
2016-17 = `10,00,000 xx 50/100`
= ₹ 5,00,000
2017-18 = `15,00,000 xx 60/100`
= ₹ 9,00,000
2. Calculation of Employee Benefit Expenses (on Total Revenue):
2016-17 = `15,00,000 xx 30/100`
= ₹ 4,50,000
2017-18 = `24,00,000 xx 40/100`
= ₹ 9,60,000
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