# Following is the Statement of Profit and Loss of Dd Ltd. for the Year Ended 31-3-2015. - Accountancy

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

 Particulars Note 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

Comparative Statement of Profit and Loss

for the year ended March 31,2014 and 2015

 Particulars Note No 31st March 2014 (Rs.) 31st March 2015 (Rs.) Absolute Change (Rs.) Percentage Change (Rs.) 1. Revenue from operations 34,00,000 75,00,000 41,00,000 120.59 2. Other Income 3,00,000 1,50,000 (1,50,000) (50.00) 3. Total Revenue (1+2) 37,00,000 76,50,000 39,50,000 106.76 4. Expenses:- Employee Benefit Expenses  Other Expenses Total Expenses 22,20,000 45,90,000 23,70,000 106.76 5. Profit before Tax (3-4)           Less: Income Tax 14,80,000 7,40,000 30,60,000 12,24,000 15,80,000 4,84,000 106.76 65.41 6. Profit after Tax 7,40,000 18,36,000 10,96,000 148.11

The values conveyed by Company are

(i) Rural Development

(ii) Employment opportunities to plenty.

Concept: Comparative Statements
Is there an error in this question or solution?