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

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2013-2014 (March) Delhi Set 1

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Particulars Note No. 31-3-2015 (Rs.) 31-3-2014 (Rs.)

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Other Income

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Other expenses 10% of employee benefit expenses

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75,00,000

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50%

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Pharma Ltd
Comparative Statement of Profit and Loss
Particulars Note
No.

2012-13

Rs

2013-14

Rs

Absolute
Change

Rs

%
Change

Revenue from operations

Less Employee benefit expenses

Profit before tax

Tax Rate 25%

Profit after tax

 

20,00,000

12,00,000

8,00,000

2,00,000

6,00,000

30,00,000

14,00,000

16,00,000

4,00,000

12,00,000

10,00,000

2,00,000

8,00,000

2,00,000

6,00,000

50

16-87

100

100

100

1) Calculate Net Profit Ratio for the years ending 31st March, 2013 and 2014

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Nav Hind Pharma Ltd
Comparative Statement of Profit and Loss
Particulars Note
No

2012-13

Rs

2013-14

Rs

Absolute
Change

Rs

%
Change
Revenue from operations   40,00,000 60,00,000 20,00,000 5.0
Less : Employee benefit expenses   24,00,000 28,00,000 4,00,000 16.67
Profit before tax   16,00,000 32,00,000 16,00,000 100
Tax Rate 50%   8,00,000 16,00,000 8,00,000 100
Profit after tax   8,00,000 16,00,000 8,00,000 100

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Other expenses

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4,00,000

11,00,000

11,00,000

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Particulars 2012-13  Rs 2011-12  Rs

Revenue from operation

Other expenses

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4,50,000

5,00,000

1,00,000

3,75,000

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Particulars

2012-13

Rs

2011-12

Rs

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A rate of Income-tax was 40%.


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Particular Note
No.

2012-13

Rs

2011-12

Rs

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Rate of Income tax was 40%.


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Particular

2012-13

Rs

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Rs

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Particulars Note
No.
2011-12 2010-11
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Expenses   13,00,000 10,00,000

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Prepare Comparative Income Statement from the following information:

Particulars 2016-17
Rs.
2015-16
Rs.
Freight Outward 20,000 10,000
Wages (office) 10,000 5,000
Manufacturing Expenses 50,000 20,000
Stock adjustment (60,000) 30,000
Cash purchases  80,000 60,000
Credit purchases  60,000 20,000
Returns inward  8,000 4,000
Gross profit (30,000) 90,000
Carriage outward 20,000 10,000
Machinery 3,00,000 2,00,000
Charge 10% depreciation on machinery 10,000 5,000
Interest on short-term loans 20,000 20,000
10% debentures 20,000 10,000
Profit on sale of furniture 20,000 10,000
Loss on sale of office car 90,000 60,000
Tax rate 40% 50%

Prepare Comparative Income Statement from the following information:

Particulars 2015-16
Rs.
2016-17
Rs.
Manufacturing expenses 35,000 80,000
Opening stock 30,000 60% of closing stock
Sales 9,60,000 4,50,000
Returns outward 4,000 (out of credit purchase) 6,000 (out of cash purchase)
Closing stock 150% of opening stock 1,00,000
Credit purchases 1,50,000 150% of cash purchase
Cash purchases 80% of credit purchases 40,000
Carriage outward 10,000 30,000
Building 1,00,000 2,00,000
Depreciation on building 20% 10%
Interest on bank overdraft 5,000 -
10% debentures 2,00,000 20,00,000
Profit on sale of copyright 10,000 20,000
Loss on sale of personal car 10,000 20,000
Other operating expenses 20,000 10,000
Tax rate 50% 40%

Following is the Balance Sheet of Radha Ltd. as at 31st March, 2019:

Particulars

Note No.

31st March, 2019,

(₹)

31st March, 2018,

(₹)

I. EQUITY AND LIABILITIES

1. Shareholders' Funds

     

(a) Share Capital

 

15,00,000

10,00,000

(b) Reserves and Surplus

  10,00,000 10,00,000

2. Non-Current Liabilities

     

Long-term Borrowings 

 

8,00,000

2,00,000

3. Current Liabilities

     

(a) Trade Payables

 

5,00,000

3,00,000

Total

 

38,00,000

25,00,000

II. ASSETS

     

1. Non-Current Assets

     

Fixed Assets:

     

(i) Tangible Assets

 

25,00,000

15,00,000

(ii) Intangible Assets

  5,00,000 5,00,000

2. Current Assets 

     

(a) Trade Receivables

 

6,00,000

3,50,000

(b) Cash and Cash Equivalents

 

2,00,000

1,50,000

Total

 

38,00,000

25,00,000

You are required to prepare Comparative  Balance Sheet on the basis of the information given in the above Balance Sheet. 


Balance Sheet of Blue Bell Ltd. as at 31st March, 2019 is given below:

BALANCE SHEET
as at 31st March, 2019 

Particulars

Note No.

31st March, 2019

(₹)

31st March, 2018

(₹)

I. EQUITY AND LIABILITIES

1. Shareholder's Funds

     

(a) Share Capital

 

3,26,000

2,44,000

(b) Reserves and Surplus

 

1,00,000

1,00,000

2. Non-Current Liabilities

     

Long-term Borrowings

 

6,96,000

4,38,000

3. Current Liabilities

     

Trade Payables

 

2,98,000

78,000

Total  

14,20,000

8,60,000

II. ASSETS

     

1. Non-Current Assets

     

(a) Fixed Assets

  5,68,000 4,30,000

(b) Non-Current Investments

 

6,000

4,000

2. Current Assets

     

(a) Trade Receivables

 

6,46,000

3,76,000

(b) Cash and Cash Equivalents

 

2,00,000

50,000

Total 

 

14,20,000

8,60,000

Prepare Comparative Balance Sheet showing percentage changes from 2018 to 2019.


From the following Balance Sheet of H.P. Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:

Particulars 

Note No.

31st March,

2019

(₹)

31st March,

2018

(₹)

I. EQUITY AND LIABILITIES

     

1. Shareholders' Funds 

     

(a) Share Capital:

     

(i) Equity Share Capital

 

12,50,000

5,00,000

(ii) Preference Share Capital

 

2,50,000

2,50,000

(b) Reserves and Surplus

 

3,00,000

4,50,000

2. Non-Current Liabilities

     

Long-term Borrowings: 12% Debentures

 

9,50,000

5,50,000

Loan from Directors

 

2,50,000

2,00,000

3. Current Liabilities

     

(a)Short-term Borrowings

 

3,50,000

1,75,000

(b) Trade Payables

 

2,00,000

1,00,000

(c) Short-term Provisions

 

50,000

25,000

Total

 

36,00,000

22,50,000

II. ASSETS

     

1. Non-Current Assets

     

(a) Fixed Assets (Tangible)

 

22,50,000

15,00,000

2. Current Assets

     

(a) Inventories

 

4,50,000

2,50,000

(b) Trade Receivables

 

8,00,000

4,50,000

(c) Cash and Cash Equivalents

 

1,00,000

50,000

Total

 

36,00,000

22,50,000


Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:

Particulars

Note No.

31st March, 2019

(₹)

31st March, 2018

(₹)

I. Income      

Revenue from Operations (Net Sales)

  3,50,000 3,00,000
II. Expenses      

Purchases of Stock-in-Trade 

  2,10,000 1,80,000

Change in Inventories of Stock-in-Trade

  15,000 20,000

Employees Benefits Expenses

  17,500 15,000

Other Expenses

 

7,500

5,000

Total

  2,50,000 2,20,000
III. Profit before Tax (I-II)  

1,00,000

80,000

IV. Less: Tax

 

30,000

24,000

V. Profit after Tax (III-IV)

 

70,000

56,000

Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:

Particulars

Note No.

31st March, 2019

(₹)

31st March, 2018

(₹)

I. Income

     

Revenue from Operations (Net Sales)

 

3,00,000

2,50,000

II. Expenses

     

Cost of Materials Consumed

 

1,20,000

1,00,000

Changes in Inventories of WIP and Finished Goods

 

(2,000)

5,000

Employees Benefits Expenses (Wages)

 

30,000

25,000

Other Expenses

 

22,000

20,000

Total

 

1,70,000

1,50,000

III. Net Profit (I-II)

 

1,30,000

1,00,000


From the following information, prepare Comparative Statement of Profit and Loss showing increase, decrease and percentage:

Particulars 31st March, 2019

31st March, 2018

Cost of Materials Consumed ₹ 13,44,000

₹ 6,00,000

Revenue from Operations (% of Materials Consumed) 125%

200%

Other Expenses (% of Operating Revenue) 10% 10%
Tax Rate 50% 50%

From the following Statement of Profit and Loss, prepare Comparative Statement of Profit and Loss:

Particulars

Note No.

31st March, 2019

(₹)

31st March, 2018

(₹)

I. Income      

Revenue from Operations (Net Sales)

 

50,00,000

40,00,000
II. Expenses  

 

 

Purchases of Stock-in-Trade

  34,00,000 28,50,000

Change in Inventories of Stock-in-Trade

1 1,00,000 1,50,000

Employees Benefits Expenses

  1,00,000 1,00,000

Other Expenses

2

2,00,000

1,50,000

Total

 

38,00,000

32,50,000
III. Net Profit (I-II)   12,00,000 7,50,000

Notes to Accounts

Particulars

31st March, 2019

(₹)

31st March, 2018

(₹)

I. Change in Inventory of stock-in-Trade     

Opening Inventory

2,00,000

3,50,000

Less: Closing Inventory

1,00,000

2,00,000
 

1,00,000

1,50,000
2. Other Expenses    

Administrative Expenses

50,000

50,000

Selling and Distribution Expenses

1,50,000

1,00,000
 

2,00,000

1,50,000

From the following Statement of Profit and Loss of Antriksh Ltd. for the year ended 31st March, 2012 and 2013, ​​Prepare Comparative Statement of Profit and Loss:

Particulars Note No. 31st March,
2013 (₹)

31st March,
2012, (₹)

Revenue from Operations   14,00,000 8,00,000
Other Incomes   6,00,000

4,00,000

Expenses

  17,00,000

11,00,000

Rate of Income Tax was 40%.


From the following Statement of Profit and Loss, prepare Comparative Statement of Profit and Loss:

Particulars

Note No.

31st March, 2019

(₹)

31st March, 2018

(₹)

I. Income      

Revenue from Operations (Net Sales)

  20,00,000 17,50,000

Other Income

 

75,000

50,000

Total

  20,75,000 18,00,000
II. Expenses  

 

 

Purchases of Stock-in-Trade

  11,60,000 10,00,000

Change in Inventories of Stock-in-Trade

  10,000 (25,000)

Employees Benefits Expenses

1 3,00,000 3,00,000

Depreciation and Amortisation Expenses

  50,000 50,000

Other Expenses

2

90,000

75,000

Total

 

16,10,000

14,00,000
III. Net Profit (I-II)   4,65,000 4,00,000

Notes to Accounts

Particulars

31st March, 2019

(₹)

31st March, 2018

(₹)

I. Employees Benefit Expenses    

Wages

3,00,000

3,00,000
2. Other Expenses    

Administrative and General Expenses

70,000

50,000

Miscellaneous Expenses

20,000

25,000
 

90,000

75,000

From the following Balance Sheets of Vinayak Ltd. as at 31st March, 2019, prepare a comparative Balance Sheet.

Vinayak Ltd. 
Balance Sheet as at 31st March, 2019  

  Particulars

Note No.

31-03-19(₹)

31-03-18(₹)

  Equity and Liabilities

 

 

 

(1) Shareholders Funds

 

 

 

  (a) Share capital

 

21,00,000

20,00,000

  (b) Reserves and Surplus

 

2,30,000

2,00,000

(2) Non-current liabilities

 

 

 

  Long term borrowing

 

5,60,000

2,00,000

(3) Current liabilities

 

 

 

  Trade payables

 

2,80,000

1,00,000

  Total

 

31,70,000

25,00,000

  Assets

 

 

 

(1) Non-current Assets

 

 

 

  Fixed Assets

 

 

 

  (i) Tangible assets

 

21,00,000

20,00,000

  (ii) Intangible assets

 

3,00,000

2,00,000

(2) Current Assets

 

 

 

  (a) Inventories

 

5,60,000

2,00,000

  (b) cash and cash equivalents

 

2,10,000

1,00,000

  Total

 

31,70,000

25,00,000


You are required to prepare a Comparative Statement of Profit & Loss from the following particulars of Nishant Ltd.

Particulars No. 31.03.2021
(₹)

31.03.2020
(₹)

Revenue from operations   4,00,000 3,00,000
Cost of raw materials consumed   2,00,000 1,50,000
Changes in inventories of
raw materials
  25,000 (12,500)

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From the information extracted from the Statement of Profit and Loss prepare a Comparative Statement of Profit and Loss for the year ended 31st March, 2021:

Particulars 2020 - 21 (₹) 2019 - 20 (₹)
Revenue from operations 7,20,000 4,00,000
Expenses 5,00,000 2,00,000
Tax Rate @ 50%    

From the following Balance Sheet of J. J. Ltd. prepare a Comparative Balance Sheet as at 31.3.2022:

J. J. Ltd.
Balance Sheet as at 31.3.2022
Particulars Note No. 31.3.2022 (₹) 31.3.2021 (₹)
I. Equity and Liabilities      
1. Shareholders' Funds      
(a) Equity Share Capital   25,00,000 20,00,000
(b) Reserves and Surplus   5,00,000 4,00,000
2. Non-Current Liabilities      
Long-term borrowings   10,00,000 10,00,000
3. Current Liabilities      
Trade payables   2,00,000 1,00,000
Total   42,00,000 35,00,000
II. Assets      
1. Non Current Assets      
Fixed Assets   30,00,000 25,00,000
2. Current Assets      
Inventories   12,00,000 10,00,000
Total   42,00,000 35,00,000

From the following information, prepare comparative statement of Profit & Loss.

Particulars Note No. 2022-23 (₹) 2021-22 (₹)
Revenue from operations   10,00,000 8,00,000
Other Income   2,20,000 1,50,000
Cost of materials consumed   4,00,000 3,00,000
Change in inventories of finished goods and work in progress   2,00,000 1,00,000
Other Expenses (% of cost of Revenue from Operations)   15% 10%
Tax Rate   30% 30%

From the following data of Horizon Ltd., you are required to prepare a Comparative Statement of Profit and Loss.

Particulars 31.03.2022 31.03.2021
Revenue from Operations (% of Other Income) 100% 100%
Other Income ₹ 1,00,000 ₹ 50,000
Cost of Materials consumed ₹ 50,000 ₹ 20,000
Depreciation and Amortisation Expense ₹ 10,000 ₹ 5,000

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