Question

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%.

Answer 1

                                                                                  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