From the following Statement of Profit and Loss of Antriksh Ltd. for the year ended 31st March, 2012 and 2013, Prepare Comparative Statement of Profit and Loss:

Particulars Note No. 31st March,
2013 (₹)
31st March,
2012, (₹)

Revenue from Operations 14,00,000 8,00,000

Other Incomes 6,00,000
4,00,000

Expenses
17,00,000
11,00,000

Rate of Income Tax was 40%.

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Solution

Comparative Income Statement

for the year ending March 31, 2012 and 2013

Particulars

Note

No.

2012

(Rs)

2013

(Rs)

Absolute

Change

(Rs)

Percentage

Change

1. Revenue from Operations

8,00,000

14,00,000

6,00,000

75

2. Other Income

4,00,000

6,00,000

2,00,000

50

3. Total Revenue (1 + 2)

12,00,000

20,00,000

8,00,000

66.67

4. Expenses

a. Other Expenses

11,00,000

17,00,000

6,00,000

54.55

Total Expenses

11,00,000

17,00,000

6,00,000

54.55

5. Profit before Tax ( 3- 4)

1,00,000

3,00,000

2,00,000

200

Less: Income Tax (40%)

40,000

1,20,000

80,000

200

6. Profit After Tax

60,000

1,80,000

1,20,000

200

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Q. From the following Statement of Profit and Loss of Star Ltd., for the year ended 31st March, 2015 and 2016, prepare a Common-size statement:


Particulars	Note No.	2015-16	2014-15
Revenue from Operations		₹ 25,00,000	₹ 20,00,000
Employee Benefit Expenses		₹ 10,00,000	₹ 7,00,000
Other Expenses		₹ 2,00,000	₹ 3,00,000
Tax Rate		40%	40%

From the following Balance Sheet as at 31st March, 2019 and Statement of Profit and Loss for the year ended 31st March, 2019 of RSB Ltd. and additional information, prepare Cash Flow Statement:

Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital		7,50,000	5,00,000
(b) Reserves and Surplus	1	9,50,000	3,00,000
2. Non-Current Liabilities
Long-term Borrowings (5% Debentures)		7,00,000	4,00,000
3. Current Liabilities
(a) Trade Payables		1,10,000	90,000
(b) Other Current Liabilities	2	39,000	25,000
(c) Short-term Provisions (Provision for Tax)		2,60,000	2,25,000
Total		28,09,000	15,40,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets – Tangible	3	6,85,000	7,45,000
(b) Non-current Investments		7,50,000	2,50,000
2. Current Assets
(a) Current Investments		6,74,000	95,000
(b) Inventories		1,00,000	2,00,000
(c) Trade Receivables		4,00,000	1,50,000
(d) Cash and Cash Equivalents		2,00,000	1,00,000
Total		28,09,000	15,40,000

STATEMENT OF PROFIT AND LOSS
for the year ended 31st March, 2019
Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. Revenue from Operations	4	40,00,000	35,00,000
II. Other Income	5	35,000	30,000
III. Total Revenue (I + II)		40,35,000	35,30,000
IV. Expenses:
Purchases of Stock-in-Trade		27,00,000	24,70,000
Change in Inventories of Stock-in-Trade	6	1,00,000	50,000
Finance Cost		27,500	20,000
Depreciation		40,000	45,000
Other Expenses		22,500	20,000
Total Expenses		28,90,000	26,05,000
V. Profit before Tax (III – IV)		11,45,000	9,25,000
VI. Less: Tax		3,45,000	2,25,000
VII. Profit after Tax (V – VI)		8,00,000	7,00,000

Notes to Accounts

Particular		31^st March 2019 (₹)	31^st March 2018 (₹)
1.	Reserves and Surplus
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	Surplus, i.e., Balance in Statement of Profit and Loss	8,50,000	2,00,000
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2.	Other Current Liabilities
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	Outstanding Expenses	4,000	5,000
		39,000	25,000
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5.	Other Income
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	Dividend on Investments	10,000	17,500
	Gain (Profit) on Sale of Fixed Assets	10,000	…
		35,000	30,000
6.	Change in Inventories of Stock-in-Trade
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	Less: Closing Stock	1,00,000	2,00,000
		1,00,000	50,000

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$\begin{matrix} Particulars & 31st March, 2015 (Rs) & 31st March, 2014 (Rs) Revenue from Operations & 10, 00, 000 & 5, 00, 000 Purchase of stock-in-trade & 6, 50, 000 & 2, 00, 000 Change in Inventories of Stock & 60, 000 & 50, 000 Other Expenses & 10% of cost of revenue from & 20% of cost of revenue from operations & operations Tax Rate & 40 % & 30 % \end{matrix}$

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Particulars	Note No.	31st March, 2013 (₹)	31st March, 2012, (₹)
Revenue from Operations		14,00,000	8,00,000
Other Incomes		6,00,000	4,00,000
Expenses		17,00,000	11,00,000

Comparative Income Statement for the year ending March 31, 2012 and 2013
Particulars	Note No.	2012 (Rs)	2013 (Rs)	Absolute Change (Rs)	Percentage Change
1. Revenue from Operations		8,00,000	14,00,000	6,00,000	75
2. Other Income		4,00,000	6,00,000	2,00,000	50
3. Total Revenue (1 + 2)		12,00,000	20,00,000	8,00,000	66.67
4. Expenses
a. Other Expenses		11,00,000	17,00,000	6,00,000	54.55
Total Expenses		11,00,000	17,00,000	6,00,000	54.55
5. Profit before Tax ( 3- 4)		1,00,000	3,00,000	2,00,000	200
Less: Income Tax (40%)		40,000	1,20,000	80,000	200
6. Profit After Tax		60,000	1,80,000	1,20,000	200