Question

From the following information given below, prepare a Comparative Statement of Profit and Loss.
$\begin{array}{ccc}\text{Particulars}& 31-3-2016& 31-3-2017\\ & \text{(Rs)}& \text{(Rs)}\\ \text{Revenue from operations}& 2,00,000& 3,50,000\\ \text{Purchase}& 1,00,000& 2,00,000\\ \text{Cost of Revenue from Operations}& 60\%\text{of Revenue from}& 70\%\text{of Revenue from}\\ & \text{Operations}& \text{Operations}\\ \text{Selling and Distribution Expenses}& 10\%\text{of Cost of Revenue}& 15\%\text{of Cost of Revenue}\\ \text{Income Tax}& 45\%& 45\%\end{array}$

Answer 1

Comparative Statement of Profit and Loss :
​​​​​​​$\begin{array}{ccccc}\text{Particulars}& 31-3-2016& 31-03-2017& \text{Absolute}& \text{Percentage}\\ & & & \text{Change}& \text{Change}\\ & \text{A}& \text{B}& \text{C=B-A}& D=C/A\times 100\\ \text{I.}\text{Revenue from Operations}& 2,00,000& 3,50,000& 1,50,000& 75.00\\ \text{II.}\text{Expenses :}& & & & \\ \text{Cost of Materials Consumed}& 1,20,000& 2,45,000& 1,25,000& 104.17\\ \text{Selling and Distribution Expenses}& 12,000& 36,750& 24,750& 206.25\\ \text{Total Expenses}& 1,32,000& 2,81,750& 1,49,750& 113.45\\ \text{III.}\text{Profit before Tax (I-II)}& 68,000& 68,250& 250& 0.37\\ \text{IV.}\text{(-) Tax}& 30,600& 30,712.5& 112.5& 0.37\\ \text{V.}\text{Profit after Tax (III-IV)}& 37,400& 37,537.5& 137.5& 0.37\end{array}$