Question

Prepare a Comparative Statement of Profit & Loss from the following :

$\begin{array}{ccc}& 31-03-2014& 31-03-2013\\ & \text{(Rs)}& \text{(Rs)}\\ \text{Revenue from Operations}& 80,00,000& 60,00,000\\ \text{Depreciation and amortization expenses}& 3,00,000& 2,00,000\\ \text{Finance Costs}\left(60\%\text{of Revenue from Operations}\right)& & \\ \text{Other Expenses}& 40,000& 40,000\\ \text{Employee Benefit Expenses}& 7,20,000& 6,00,000\\ \text{Other Income}& 8,000& 10,000\end{array}$

Answer 1

COMPARATIVE STATEMENT OF PROFIT & LOSS

for the years ended 31st March 2013 and 2014

$\begin{array}{cccccc}& & & & \text{Absolute}& \text{Percentage}\\ & \text{Note}& & & \text{Change}& \text{Change}\\ \text{Particulars}& \text{No.}& 2012-13& 2013-14& (\text{Increase or}& (\text{Increase or}\\ & & & & \text{Decrease})& \text{Decrease})\\ & & \text{A}& \text{B}& \text{(B-A = C)}& \text{C/A}\times 100=\text{D}\\ & & \text{Rs.}& \text{Rs.}& \text{Rs.}& \%\\ \text{I. Revenue from Operation}& & 60,00,000& 80,00,000& 20,00,000& 33.33\\ \text{Add: Other Incomes}& & 10,000& 8,000& (2,000)& \left(20.00\right)\\ \text{III. Total Revenue (I + II)}& & \overline{\underset{–}{60,10,000}}& \overline{\underset{–}{80,08,000}}& \overline{\underset{–}{19,98,000}}& \overline{\underset{–}{33.24}}\\ \text{IV. Less: Expenses}& & & & & \\ \text{Employee Benefit Expenses}& & 6,00,000& 7,20,000& 1,20,000& 20.00\\ \text{Finance Costs}& & 36,00,000& 48,00,000& 12,00,000& 33.33\\ \text{Depreciation and Amortization Expenses}& & 2,00,000& 3,00,000& 1,00,000& 50.00\\ \text{Other Expenses}& & 40,000& 40,000& -& -\\ \text{Total Expenses}& & \overline{44,40,000}& \overline{58,60,000}& \overline{14,20,000}& \overline{31.98}\\ \text{V. Profit before Tax (III - IV)}& & \overline{15,70,000}& \overline{21,48,000}& \overline{5,78,000}& \overline{36.82}\end{array}$