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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. - Accountancy

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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.

Particulars 2012-13 (Rs.) 2011-12 (Rs.)
Revenue from operation 20,00,000 15,00,000
Other expenses 10,00,000 4,00,000
Expenses 21,00,000 15,00,000

Rate of Income tax was 50%.

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Solution

                                                                                  Statement of Profit and Loss

                                                                      For the years ended 31st March 2015 & 2016

Particulars 2012-13  2011-12  Absolute Change  % Change 

Revenue from operations

Other Income

Total Revenue

Expense

Profit before Income Tax(III-IV)

  Less: Income Tax

20,00,000

10,00,000

30,00,000

21,00,000

9,00,000

4,50,000 

15,00,000

4,00,000

19,00,000

15,00,000

4,00,000

2,00,000 

5,00,000

6,00,000

11,00,000

6,00,000

5,00,000

2,50,000 

33.33

150

57.89

40

125

125

Concept: Comparative Statements
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