Question

From the following extract of the statement of Profit and Loss for the year ended 31st March, 2012 and 2013 of XYZ Ltd, prepare comparative statement of profit and loss.

$$\begin{array}{ccc}\text{Particulars}& \text{31-03-2013}& \text{31-03-2012}\\ & \text{(Rs)}& \text{(Rs)}\\ \text{Revenue from operations}& 48,00,000& 30,00,000\\ \text{Employees Benefit Exp.}& 22,00,000& 18,00,000\\ \text{Other Exep}& 21,00,000& 4,00,000\\ \text{Tax Rate}& 40\%& 40\%\end{array}$$

Answer 1

COMPARATIVE STATEMENT OF PROFIT AND LOSS ACCOUNT
for the year ended 31st March, 2013
$$\begin{array}{ccccc}\text{Particulars}& 31-03-2012& 31-03-2013& \text{Absolute}& \text{Percentage}\\ & \text{(Rs)}& \text{(Rs)}& \text{change}& \text{change}\\ \text{I.Revenue from operations}& 30,00,000& 48,00,000& 18,00,000& 60\%\\ \text{II.Expenses :}& & & & \\ \text{(a) Employees benefit expenses}& 18,00,000& 22,00,000& 4,00,000& 22.22\%\\ \text{(b) Other expenses}& 4,00,000& 2,00,000& (2,00,000)& \left(80.00\right)\%\\ \text{III Net profit before tax (1-II.)}& 8,00,000& 24,00,000& 16,00,000& 200,00\\ \text{IV. Less : Tax}& 3,20,000& 9,60,000& 6,40,000& 200,000\\ \text{V. Net profit after tax}& 4,80,000& 14,40,000& 9,60,000& 200,00\end{array}$$