From the following Statement of Profit and Loss, prepare Comparative Statement of Profit and Loss:

Particulars ulars

Note No.

31st March, 2019

(₹)

31st March, 2018

(₹)

I. Income

Revenue from Operations (Net Sales)
20,00,000 17,50,000

Other Income

75,000
50,000

Total
20,75,000 18,00,000

II. Expenses

Purchases of Stock-in-Trade
11,60,000 10,00,000

Change in Inventories of Stock-in-Trade
10,000 (25,000)

Employees Benefits Expenses
1 3,00,000 3,00,000

Depreciation and Amortisation Expenses
50,000 50,000

Other Expenses
2
90,000
75,000

Total

16,10,000
14,00,000

III. Net Profit (I-II) 4,65,000 4,00,000

Notes to Accounts

Particulars

31st March, 2019

(₹)

31st March, 2018

(₹)

I. Employees Benefit Expenses

Wages

3,00,000
3,00,000

2. Other Expenses

Administrative and General Expenses

70,000
50,000

Miscellaneous Expenses

20,000
25,000

90,000
75,000

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Solution

Comparative Income Statement

for the year ended March 31, 2018 and 2019

Particulars

March 31, 2018

(₹)

March 31, 2019

(₹)

Absolute

Change

(₹)

Percentage

Change

(%)

I. Revenue from Operations

17,50,000

20,00,000

2,50,000

14.29

II. Other Income

50,000

75,000

25,000

50.00

III. Total Revenue (I + II)

18,00,000

20,75,000

2,75,000

15.28

IV. Expenses

a. Purchases of Stock-in-Trade

10,00,000

11,60,000

1,60,000

16.00

b. Changes in Inventory of Stock-in-Trade

(25,000)

10,000

35,000

140.00

c. Employee Benefit Expenses

3,00,000

3,00,000

–

–

d. Depreciation

50,000

50,000

–

–

e. Other Expenses

75,000

90,000

15,000

20.00

14,00,000 16,10,000 2,10,000 15.00

Profit before Income Tax

4,00,000

4,65,000

65,000

16.25

Less: Income Tax

–

–

–

–

Profit after Income Tax

4,00,000

4,65,000

65,000

16.25

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Similar questions

Q. Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:

Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. Income
Revenue from Operations (Net Sales)		3,00,000	2,50,000
II. Expenses
Cost of Materials Consumed		1,20,000	1,00,000
Changes in Inventories of WIP and Finished Goods		(2,000)	5,000
Employees Benefits Expenses (Wages)		30,000	25,000
Other Expenses		22,000	20,000
Total		1,70,000	1,50,000
III. Net Profit (I-II)		1,30,000	1,00,000

Q. Prepare Comparative Statement of Profit and Loss from the following information:

Particulars	31st March, 2019	31st March, 2018
Revenue from Operations	₹ 37,50,000	₹ 25,00,000
Other Income	₹ 4,50,000	₹ 5,00,000
Cost of Materials Consumed	₹ 22,50,000	₹ 12,50,000
Other Expenses	₹ 3,75,000	₹ 2,50,000
Tax Rate	50%	50%

From the information given below, prepare Comparative Statement of Profit and Loss :

$\begin{matrix} Particulars & 31 st March, 2018 & 31 st March, 2017 A. Revenue from Operations: Sales & Rs. 24, 00, 000 & Rs. 21, 00, 000 B. Sales Return & Rs. 4, 00, 000 & Rs. 1, 00, 000 C. Cost of Materials Consumed & 50 % of Revenue & 60 % of Revenue from Operations(Net) & from Operations(Net) D. Other Expenses : % (Net Revenue from Operations & 10 % & 20 % - Cost of Materials Consumed) E. Income Tax & 40 % & 40 % \end{matrix}$

Q. Prepare Common-size Statement of Profit and Loss from the following Statement of Profit and Loss:

Particulars ulars	Note No.	31st March, 2018 (₹)
I. Income
Revenue from Operations		15,00,000
Other Income		60,000
Total Revenue		15,60,000
II. Expenses
Purchases of Stock-in-Trade		7,50,000
Change in Inventories of Stock-in-Trade		50,000
Other Expenses		2,10,000
Total		10,10,000
III. Net Profit before Tax (I-II)		5,50,000

Following is the Statement of Profit & Loss of X L Limited for the year ended March 31, 2017 :

STATEMENT OF PROFIT & LOSS

for the year ended March 31, 2017

$\begin{matrix} Particulars & Note to & 2015 - 16 & 2016 - 17 Accounts & Amount (Rs.) & Amount (Rs.) Revenue from Operations & 50, 00, 000 & 80, 00, 000 Expenses: (a) Employee Benefit Expenses : 10 % of Revenue from Operations (b) Other expenses: & 10, 00, 000 & 12, 00, 000 \end{matrix}$

Tax Rate at 40%.

Prepare Comparative Statement of Profit & Loss of X L Limited.

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Comparative Income Statement for the year ended March 31, 2018 and 2019
Particulars	March 31, 2018 (₹)	March 31, 2019 (₹)	Absolute Change (₹)	Percentage Change (%)
I. Revenue from Operations	17,50,000	20,00,000	2,50,000	14.29
II. Other Income	50,000	75,000	25,000	50.00
III. Total Revenue (I + II)	18,00,000	20,75,000	2,75,000	15.28
IV. Expenses
a. Purchases of Stock-in-Trade	10,00,000	11,60,000	1,60,000	16.00
b. Changes in Inventory of Stock-in-Trade	(25,000)	10,000	35,000	140.00
c. Employee Benefit Expenses	3,00,000	3,00,000	–	–
d. Depreciation	50,000	50,000	–	–
e. Other Expenses	75,000	90,000	15,000	20.00
	14,00,000	16,10,000	2,10,000	15.00
Profit before Income Tax	4,00,000	4,65,000	65,000	16.25
Less: Income Tax	–	–	–	–
Profit after Income Tax	4,00,000	4,65,000	65,000	16.25