Comparative Statement of profit and loss is the horizontal analysis of Statement of profit and loss which shows :

the operating results for the compared accounting periods.

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changes in data in terms of absolute amount.

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percentage from one period to another.

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all of the above

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Solution

The correct option is D all of the above
Comparative Statement of profit and loss is the horizontal analysis of statement of profit and loss which shows the operating results for the compared accounting periods, changes in data in terms of absolute amount and percentage from one period to another. Horizontal analysis is a trend analysis where the firm compares ratios, statements etc over a period of time.

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Similar questions

Q. From the following Statement of Profit and Loss, prepare Comparative Statement of Profit and Loss:

Particulars ulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. Income
Revenue from Operations (Net Sales)		20,00,000	17,50,000
Other Income		75,000	50,000
Total		20,75,000	18,00,000
II. Expenses
Purchases of Stock-in-Trade		11,60,000	10,00,000
Change in Inventories of Stock-in-Trade		10,000	(25,000)
Employees Benefits Expenses	1	3,00,000	3,00,000
Depreciation and Amortisation Expenses		50,000	50,000
Other Expenses	2	90,000	75,000
Total		16,10,000	14,00,000
III. Net Profit (I-II)		4,65,000	4,00,000

Notes to Accounts

Particulars	31st March, 2019 (₹)	31st March, 2018 (₹)
I. Employees Benefit Expenses
Wages	3,00,000	3,00,000
2. Other Expenses
Administrative and General Expenses	70,000	50,000
Miscellaneous Expenses	20,000	25,000
	90,000	75,000

Q. Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:

Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. Income
Revenue from Operations (Net Sales)		3,00,000	2,50,000
II. Expenses
Cost of Materials Consumed		1,20,000	1,00,000
Changes in Inventories of WIP and Finished Goods		(2,000)	5,000
Employees Benefits Expenses (Wages)		30,000	25,000
Other Expenses		22,000	20,000
Total		1,70,000	1,50,000
III. Net Profit (I-II)		1,30,000	1,00,000

Q. From the following information, prepare Comparative Statement of Profit and Loss showing increase, decrease and percentage:


Particulars	31st March, 2019	31st March, 2018
Cost of Materials Consumed	₹ 13,44,000	₹ 6,00,000
Revenue from Operations (% of Materials Consumed)	125%	200%
Other Expenses (% of Operating Revenue)	10%	10%
Tax Rate	50%	50%

From the information given below, prepare Comparative Statement of Profit and Loss :

$\begin{matrix} Particulars & 31 st March, 2018 & 31 st March, 2017 A. Revenue from Operations: Sales & Rs. 24, 00, 000 & Rs. 21, 00, 000 B. Sales Return & Rs. 4, 00, 000 & Rs. 1, 00, 000 C. Cost of Materials Consumed & 50 % of Revenue & 60 % of Revenue from Operations(Net) & from Operations(Net) D. Other Expenses : % (Net Revenue from Operations & 10 % & 20 % - Cost of Materials Consumed) E. Income Tax & 40 % & 40 % \end{matrix}$

Q. Prepare Comparative Statement of Profit and Loss from the following information:

Particulars	31st March, 2019	31st March, 2018
Revenue from Operations	₹ 37,50,000	₹ 25,00,000
Other Income	₹ 4,50,000	₹ 5,00,000
Cost of Materials Consumed	₹ 22,50,000	₹ 12,50,000
Other Expenses	₹ 3,75,000	₹ 2,50,000
Tax Rate	50%	50%

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