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Solution - Comparative Statements

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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.

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Solution for concept: Comparative Statements. For the courses CBSE (Arts), CBSE (Commerce), CBSE (Science)
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