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From the Following Statements of Profit and Loss Suntrack Ltd., for the Years Ended 31st March 2011 and 2012, Prepare a 'Comparative Statement of Profit and Loss'. - CBSE (Arts) Class 12 - Accountancy

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Question

From the Following Statements of Profit and Loss Suntrack Ltd., for the years ended 31st March 2011 and 2012, prepare a 'Comparative Statement of Profit and Loss'.

Particulars Note
No.
2011-12 2010-11
Revenue from Operations   20,00,00 12,00,000
Other Incomes   12,00,000 9,00,000
Expenses   13,00,000 10,00,000

Solution

Comparative Statement of Profit and Loss
Particulars 2010-11 2011-12

Absolute
Change

Rs

Percentage
Change

(%)

i. Revenue from operations 12,00,000 20,00,00 8,00,000 66.67
ii. Other Incomes 9,00,000 12,00,000 3,00,000 33.33
Total Revenues 21,00,000 32,00,000 11,00,000 52.38
Less: Expenses (10,00,000) (13,00,000) (3,00,000) 30
Net Profit 11,00,000 19,00,000 8,00,000 72.7

 

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Solution From the Following Statements of Profit and Loss Suntrack Ltd., for the Years Ended 31st March 2011 and 2012, Prepare a 'Comparative Statement of Profit and Loss'. Concept: Comparative Statements.
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