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Question
From the following data, prepare a Comparative Statement of Profit and Loss of Simon Ltd.
| Particulars | 31.3.2014 (₹) |
31.3.2013 (₹) |
| Revenue from Operations | 15,00,000 | 12,00,000 |
| Other Income | 30,000 | 20,000 |
| Cost of Materials consumed | 7,00,000 | 5,50,000 |
Ledger
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Solution
| Comparative Statement of Profit and Loss for the years ended 31st March, 2014 and 2013 |
|||||
| Particulars | Note No. | 31.3.2014 (₹) |
31.3.2013 (₹) |
Absolute Change (₹) |
Percentage Change (%) |
| I. Revenue from Operations | 15,00,000 | 12,00,000 | 3,00,000 | 25.00 | |
| II. Add: Other Income | 30,000 | 20,000 | 10,000 | 50.00 | |
| III. Total Income (I + II) | 15,30,000 | 12,20,000 | 3,10,000 | 25.41 | |
| IV. Less: Expenses | |||||
| Cost of Materials Consumed | 7,00,000 | 5,50,000 | 1,50,000 | 27.27 | |
| V. Profit Before Tax (III − IV) | 8,30,000 | 6,70,000 | 1,60,000 | 23.88 | |
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