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# From the following information, prepare Comparative Statement of Profit and Loss of X Ltd : Particulars31−03−201631−03−2015(Rs)(Rs)Revenue from Operations25,00,00020,00,000Cost of Materials Consumed:21,00,00016,00,000Other Expenses25%of Gross Profit20%of Gross ProfitIncome Tax50%50%

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## COMPARATIVE STATEMENT OF PROFIT AND LOSS OF X LTD. for the years ended 31st March, 2015 and 2016. AbsolutePercentageNote31−03−201531−03−2016ChangeChange ParticularsNo.(Increase or(Increase orDecrease)Decrease) 12345AB(B-A = C)C/A×100=DRsRsRs%I. Revenue from Operation20,00,000–––––––––––25,00,000–––––––––––5,00,000–––––––––– 25.00 –––––––––––II. Less : Expenses : (a) Cost of Materials Consumed16,00,00021,00,0005,00,000 31.25 (b) Other Expenses (Note 1)80,0001,00,000 20,000 25.00 Total Expenses¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯16,80,000–––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯22,00,000–––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯5,20,000––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 30.95 –––––––––––III. Profit before Tax (I - II)3,20,0003,00,000 (20,000)(6.25)IV. Less : Tax 50%1,60,000––––––––––1,50,000–––––––––– (10,000) –––––––––––––––( 6.25 ––––––––––)V. Profit after Tax (III - IV)1,60,0001,50,000(10,000)(6.25) (1) Gross Profit = Revenue from Operations - Cost of Materials Consumed Gross Profit for 2015 = Rs 20,00,00 - Rs 16,00,000 = Rs 4,00,000 Other Expenses for 2015 = 20 % of 4,00,000 = Rs 80,000 for 2016 = 25 % of 4,00,000 = Rs 1,00,000

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