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Question
Following is the Comparative Statement of Profit & Loss of Shiva Ltd.
| COMPARATIVE STATEMENT OF PROFIT AND LOSS for the years ended 31st March, 2024 and 2025 |
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| Particulars | Note No. | 2024-25 (₹) |
2023-24 (₹) |
Absolute Change (Increase or Decrease) (₹) |
Percentage Change (Increase or Decrease) (%) |
| A | B | A − B | `C/B xx 100` = D | ||
| I. Revenue from Operations | ?? | 25,00,000 | ?? | 50 | |
| II. Other Income | ?? | 5,00,000 | ?? | (10) | |
| III. Total Income I + II | ?? | ?? | ?? | ?? | |
| IV. Less: Expenses | ?? | ?? | 9,75,000 | 65 | |
| V. Profit before Tax | ?? | ?? | ?? | ?? | |
Ledger
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Solution
| COMPARATIVE STATEMENT OF PROFIT AND LOSS for the years ended 31st March, 2024 and 2025 |
|||||
| Particulars | Note No. | 2024-25 (₹) |
2023-24 (₹) |
Absolute Change (Increase or Decrease) (₹) |
Percentage Change (Increase or Decrease) (%) |
| A | B | A − B | `C/B xx 100` = D | ||
| I. Revenue from Operations | 37,50,000 | 25,00,000 | 12,50,000 | 50 | |
| II. Other Income | 4,50,000 | 5,00,000 | (50,000) | (10) | |
| III. Total Income I + II | 42,00,000 | 30,00,000 | 12,00,000 | 40 | |
| IV. Less: Expenses | 24,75,000 | 15,00,000 | 9,75,000 | 65 | |
| V. Profit before Tax | 17,25,000 | 15,00,000 | 2,25,000 | 15 | |
shaalaa.com
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