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Question - Comparative Statements

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Following is the Statement of Profit and Loss of Moon India Ltd for the year ended 31st March 2015.

ParticularsNote No.31-3-2015 (Rs.)31-3-2014 (Rs.)

Revenue from operations

Other Income

Employee benefit – expenses

Other expenses

Tax Rate

 

50,00,000

2,00,000

60% of the total revenue

10% of employee benefit expenses

50%

40,00,000

10,00,000

50% of the total revenue

20% of employee benefit expenses

40%

The motto of Moon India Ltd. is to produce and distribute green energy in the backward areas of India. It has also taken up a project of giving vocational training to the girls belonging to the backward areas of Rajasthan.

You are required to prepare a comparative statement of Profit and Loss of Moon India Ltd. from the given statement of Profit and Loss and also identify any two values that the company wishes to convey to the society.

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