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%

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Solution

Common Size Statement of Profit and Loss

for the year ended March 31, 2015 and 2016

Particulars

Absolute Amount

Percentage of Revenue from Operations

2014-15

(Rs)

2015-16

(Rs)

2014-15

(%)

2015-16

(%)

I. Revenue from Operations
20,00,000

25,00,000

100

100

II. Other Income

Total Revenue (I + II)
20,00,000

25,00,000

100

100

Less: Expenses:

Employees Benefit cost
7,00,000

10,00,000

35

40

Other Expenses
3,00,000

2,00,000

15

8

Profit before Tax
10,00,000

13,00,000

50

52

Less: Tax @ 40%
4,00,000

5,20,000

20

20.80

Profit after Tax
6,00,000

7,80,000

30

31.20

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From the following Statement of Profit and Loss of Sun Ltd., for the years ended 31st March, 2015 and 2016, prepare a Common Size Statement :

$\begin{matrix} Particulars & Note & 2015-16 & 2014-15 No. Revenue from Operations & 30, 00, 000 & 20, 00, 000 Expenses & 12, 00, 000 & 10, 00, 000 Other Income & 3, 60, 000 & 4, 00, 000 Income Tax & 50 % & 40 % \end{matrix}$

Q. Following information is extracted from the Statement of Profit and Loss of Gold Coin Ltd. for the year ended 31st March, 2015:

Particulars	31st March, 2015	31st March, 2014
Revenue from Operations	₹ 60,00,000	₹ 45,00,000
Employee Benefit Expenses	₹ 30,00,000	₹ 22,50,000
Depreciation	₹ 7,50,000	₹ 6,00,000
Other Expenses	₹ 15,50,000	₹ 10,00,000
Tax Rate	30%	30%

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
	Debenture Redemption Reserve	1,00,000	1,00,000
	Surplus, i.e., Balance in Statement of Profit and Loss	8,50,000	2,00,000
		9,50,000	3,00,000
2.	Other Current Liabilities
	Interest on Debentures	35,000	20,000
	Outstanding Expenses	4,000	5,000
		39,000	25,000
3.	Fixed Assets–Tangible
	Cost	8,90,000	9,90,000
	Less: Accumulated Depreciation	2,05,000	2,45,000
		6,85,000	7,45,000
4.	Revenue from Operations
	Sales	42,00,000	35,75,000
	Less: Sales Return	2,00,000	75,000
		40,00,000	35,00,000
5.	Other Income
	Interest on Deposits	15,000	12,500
	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
	Opening Stock	2,00,000	2,50,000
	Less: Closing Stock	1,00,000	2,00,000
		1,00,000	50,000

Additional Information:

Q. 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%.

Prepare a comparative statement of profit and loss for the year ended 31st March, 2015 from the following information :

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

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Particulars	Note No.	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%

Common Size Statement of Profit and Loss for the year ended March 31, 2015 and 2016
Particulars	Absolute Amount		Percentage of Revenue from Operations
Particulars	2014-15 (Rs)	2015-16 (Rs)	2014-15 (%)	2015-16 (%)
I. Revenue from Operations	20,00,000	25,00,000	100	100
II. Other Income
Total Revenue (I + II)	20,00,000	25,00,000	100	100
Less: Expenses:
Employees Benefit cost	7,00,000	10,00,000	35	40
Other Expenses	3,00,000	2,00,000	15	8
Profit before Tax	10,00,000	13,00,000	50	52
Less: Tax @ 40%	4,00,000	5,20,000	20	20.80
Profit after Tax	6,00,000	7,80,000	30	31.20