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# Following is the Statement of Profit and Loss of Sun India Ltd. for the Year Ended 31st March. 2015 - CBSE (Arts) Class 12 - Accountancy

#### Question

Following is the statement of Profit and Loss of Sun India Ltd. For the year ended 31st March. 2015:

 Particulars Note No. 31-3-2015 (Rs.) 31-3-2014 (Rs.) Revenue from operations Other Income Employee benefit – expenses Other expenses Tax Rate 25,00,000 1,00,000 60% of total revenue 10% of employee benefit expenses 50% 20,00,000 5,00,000 50% of total revenue 20% of employee benefit expenses 40%

The motto of Sun India Ltd is to produce and supply green energy in the rural areas of India. It has also taken up a project of constructing a road that will pass through five villages, so that these villages could be connected to the nearby town. It will use the local resources and employ local people for construction of the road.

You are required to prepare a Comparative Statement of Profit and Loss of Sun India Ltd from the given statement of Profit and Loss. Also identify any two values that the company wishes to convey to the society.

#### Solution

 Particulars Note No 31st March 2014 31st March 2015 Absolute Change Percentage Change 1. 2. Revenue from operations Other Income 20,00,000 5,00,000 25,00,000 1,00,000 5,00,000 (4,00,000) 25.00 (80.00) 3. Total Revenue (1+2) 25,00,000 26,00,000 1,00,000 4.00 4. Expenses:- Employee Benefit Expenses Other Expenses 12,50,000 2,50,000 15,60,000 1,56,000 3,10,000 (94,000) 24.80 (37.60) Total Expenses 15,00,000 17,16,000 2,16,000 14.40 5. Profit before Tax (3-4)         Less: Income Tax 10,00,000 4,00,000 8,84,000 4,42,000 (1,16,000) 42,000 (11.60) 10.50 6. Profit after Tax 6,00,000 4,42,000 (1,58,000) (26.30)

The values conveyed by Company are

(i) Rural Development

(ii) Employment opportunities to plenty.

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Solution Following is the Statement of Profit and Loss of Sun India Ltd. for the Year Ended 31st March. 2015 Concept: Comparative Statements.
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