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Question
The following information was extracted from the Statement of Profit and Loss of Chaman Ltd. for the year ended 31st March, 2025:
| Particulars | Note No. |
31.3.2025 (₹) |
31.3.2024 (₹) |
| Revenue from operations | 40,00,000 | 32,00,000 | |
| Employee Benefit Expenses | 20,00,000 | 16,00,000 | |
| Other Expenses | 2,00,000 | 4,00,000 | |
| Tax Rate 50% |
Prepare a Comparative Statement of Profit and Loss.
Ledger
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Solution
| Comparative Statement of Profit and Loss of Chaman Ltd. for the year ended 31st March, 2025 |
|||||
| Particulars | Note No. |
31.3.2024 (₹) [A] |
31.3.2025 (₹) [B] |
Absolute Change (₹) [C = B − A] |
Percentage Change (%) [D = (C/A) × 100] |
| I. Revenue from Operations | 32,00,000 | 40,00,000 | 8,00,000 | 25.00% | |
| II. Expenses: | |||||
| (a) Employee Benefit Expenses | 16,00,000 | 20,00,000 | 4,00,000 | 25.00% | |
| (b) Other Expenses | 4,00,000 | 2,00,000 | (2,00,000) | (50.00%) | |
| Total Expenses | 20,00,000 | 22,00,000 | 2,00,000 | 10.00% | |
| III. Profit Before Tax (I - II) | 12,00,000 | 18,00,000 | 6,00,000 | 50.00% | |
| Less: Tax @ 50% | 6,00,000 | 9,00,000 | 3,00,000 | 50.00% | |
| IV. Profit After Tax | 6,00,000 | 9,00,000 | 3,00,000 | 50.00% | |
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