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Question
From the following information, prepare a Comparative Statement of Profit & Loss of Zee Ltd.:
| Particulars | Note No. |
31-3-2025 (₹) |
31-3-2024 (₹) |
| Revenue from Operations | 150% of Materials Consumed | 120% of Materials Consumed | |
| Materials Consumed | 20,00,000 | 10,00,000 | |
| Other Expenses | 20% of Materials Consumed | 10% of Materials Consumed | |
| Income Tax | 40% | 40% |
Ledger
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Solution
| Comparative Statement of Profit and Loss of Zee Ltd. for the years ended 31st March, 2025 and 2024 |
|||||
| Particulars | Note No. | 31-3-2025 (₹) |
31-3-2024 (₹) |
Absolute Change (₹) |
Percentage Change (%) |
| I. Revenue from Operations | 30,00,000 | 12,00,000 | 18,00,000 | 150.00 | |
| II. Less: Expenses | |||||
| (a) Cost of Materials Consumed | 20,00,000 | 10,00,000 | 10,00,000 | 100.00 | |
| (b) Other Expenses | 4,00,000 | 1,00,000 | 3,00,000 | 300.00 | |
| Total Expenses | 24,00,000 | 11,00,000 | 13,00,000 | 118.18 | |
| III. Profit before tax (I − II) | 6,00,000 | 1,00,000 | 5,00,000 | 500.00 | |
| IV. Less: Tax | 2,40,000 | 40,000 | 2,00,000 | 500.00 | |
| V. Profit after tax (III − IV) | 3,60,000 | 60,000 | 3,00,000 | 500.00 | |
Working Note:
1. Revenue from Operations:
2025: 150% of ₹ 20,00,000 = ₹ 30,00,000
2024: 120% of ₹ 10,00,000 = ₹ 12,00,000
2. Other Expenses:
2025: 20% of ₹ 20,00,000 = ₹ 4,00,000
2024: 10% of ₹ 10,00,000 = ₹ 1,00,000
3. Tax @ 40%:
2025: 40% of ₹ 6,00,000 = ₹ 2,40,000
2024: 40% of ₹ 1,00,000 = ₹ 40,000
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