# Prepare a Comparative Statement of Profit and Loss from the Following Information Extracted from the Statement of Profit and Loss for the Year Ended 31st March, 2017 and 2018. - Accountancy

Sum

Prepare a comparative statement of Profit and Loss from the following information extracted from the statement of Profit and Loss for the year ended 31st March, 2017 and 2018.

 Particulars 2017-18 2016-17 Revenue from operations (₹) 12,00,000 (₹)10,00,000 Other income (% of Revenue from operations) 25% 25% Employee benefit expenses(% of Total Revenue) 40% 30% Tax Rate 40% 40%

#### Solution

Comparative Statement of Profit & Loss
For the year ended 31st March 2017 and 2018

 Particulars Note No. 2016-17 (₹) 2017-18 (₹) Absolute Change (₹) Percentage Change I. Revenue from Operations 10,00,000 12,00,000 2,00,000 20% II. Other Income (% of Revenue from Operations) 2,50,000 3,00,000 50,000 20% III. Total Revenue (I + II) 12,50,000 15,00,000 2,50,000 20% Less: Employee Benefit Expenses (% of Total Revenue) 3,75,000 6,00,000 2,25,000 60% IV. Profit before Interest and Tax 8,75,000 9,00,000 25,000 2.86% Less: Tax @ 40% 3,50,000 3,60,000 10,000 2.86% V. Profit After Interest and Tax 5,25,000 5,40,000 15,000 2.86%
Concept: Comparative Statements
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