Question

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

$\begin{array}{ccc}\text{Particulars}& \text{31st March},2016& \text{31st March,}2017\\ & \text{Rs.}& \text{Rs.}\\ \text{Revenue from Operations}& 10,00,000& 12,50,000\\ \text{Cost of Materials Consumed}& 5,00,000& 6,50,000\\ \text{Other Expenses}& 50,000& 60,000\end{array}$

Interest on investments @ Rs 30,000 each year.

Answer 1

COMPARATIVE STATEMENT OF PROFIT & LOSS

for the years ended 31st March, 2016 and 2017

$\begin{array}{cccccc}& & & & \text{Absolute}& \text{Percentage}\\ & & & & \text{Change}& \text{Change}\\ \text{Particulars}& \text{Note No.}& 2015-16& 2016-17& (\text{Increase or}& (\text{Increase or}\\ & & & & \text{Decrease})& \text{Decrease})\\ & & \text{A}& \text{B}& \text{(B - A = C)}& \text{C/A}\times 100=\text{D}\\ & & \text{Rs.}& \text{Rs.}& \text{Rs.}& \%\\ \text{I. Revenue from Operations}& & 10,00,000& 12,50,000& 2,50,000& 25.00\\ \text{II. Add : Other Incomes}& & 30,000& 30,000& -& -\\ \text{III. Total Revenue (I + II)}& & \overline{\underset{–}{10,30,000}}& \overline{\underset{–}{12,80,000}}& \overline{\underset{–}{2,50,000}}& \overline{\underset{–}{24.27}}\\ \text{IV. Less : Expenses}& & & & & \\ \text{Cost of Materials Consumed}& & 5,00,000& 6,50,000& 1,50,000& 30.00\\ \text{Other Expenses}& & \underset{–}{50,000}& \underset{–}{60,000}& \underset{–}{10,000}& \underset{–}{20.00}\\ \text{Total Expenses}& & \underset{–}{5,50,000}& \underset{–}{7,10,000}& \underset{–}{1,60,000}& \underset{–}{29.09}\\ \text{V.}\text{Profit before tax (III - IV)}& & 4,80,000& 5,70,000& 90,000& 18.75\end{array}$