Question

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

$\begin{array}{ccc}& 31-03-2018& 31-03-2017\\ & & \\ \text{Revenue from Operations}& \text{Rs.}30,00,000& \text{Rs.}20,00,000\\ \text{Other Income}\left(\%\text{of Revenue from Operations}\right)& 15\%& 20\%\\ \text{Expenses}\left(\%\text{of Operating Revenue}\right)& 60\%& 50\%\end{array}$

Answer 1

COMPARATIVE STATEMENT OF PROFIT & LOSS

for the years ended 31st March 2017 and 2018

$\begin{array}{cccccc}& & & & \text{Absolute}& \text{Percentage}\\ & & & & \text{Change}& \text{Change}\\ \text{Particulars}& \text{Note}& 2016-17& 2017-18& (\text{Increase}& (\text{Increase}\\ & \text{No.}& & & \text{or}& \text{or}\\ & & & & \text{Decrease})& \text{Decrease})\\ 1& & 2& 3& 4& 5\\ & & \text{A}& \text{B}& \text{(B - A = C)}& \text{C/A}\times 100=\text{D}\\ & & \text{Rs.}& \text{Rs.}& \text{Rs.}& \%\\ \text{I. Revenue from Operation}& & 20,00,000& 30,00,000& 10,00,000& 50.00\\ \text{II. Other Income}& & 4,00,000& 4,50,000& 50,000& 12.50\\ \text{III. Total Revenue (I + II)}& & \overline{24,00,000}& \overline{34,50,000}& \overline{10,50,000}& \overline{43.75}\\ \text{IV. Expenses}& & \underset{–}{10,00,000}& \underset{–}{18,00,000}& \underset{–}{8,00,000}& \underset{–}{80.00}\\ \text{V. Profit before Tax(III-IV)}& & 14,00,000& 16,50,000& 2,50,000& 17.86\end{array}$

Note : Operating Revenue means Revenue from Operations.