shaalaa.com
S

Solution - Comparative Statements

Account
User


Login
Register


      Forgot password?
Share
Notifications

View all notifications
Books Shortlist
Your shortlist is empty

Question

Following is the statement of Profit and Loss of DD Ltd. For the year ended 31-3-2015.

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

Revenue from operations

Other Income

Employee benefit – expenses 60% of total revenue

Other expenses 10% of employee benefit expenses

Tax Rate

 

75,00,000

1,50,000

 

 

 

 

40%

34,00,000

3,00,000

 

 

 

 

50%

The motto of DD 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 DD Ltd. from the given statement of Profit and Loss. Also identify any two values that the company wishes to convey to the society.

Solution

You need to to view the solution
Is there an error in this question or solution?

Similar questions VIEW ALL

From the following Statement of profit and loss of the year ended 31st March, 2013; prepare a comparative statement of Profit and Loss of Good Service Ltd.

Particulars2012-13 (Rs.)2011-12 (Rs.)
Revenue from operation20,00,00015,00,000
Other expenses10,00,0004,00,000
Expenses21,00,00015,00,000

Rate of Income tax was 50%.

view solution

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.

view solution

Following is the statement of Profit and Loss of Sun 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

 

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.

view solution
Solution for concept: Comparative Statements. For the courses 12th CBSE (Arts), 12th CBSE (Commerce), 12th CBSE (Science)
S