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%

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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

25,00,000

37,50,000

12,50,000

50.00

II. Other Income

5,00,000

4,50,000

(50,000)

(10.00)

III. Total Revenue (I + II)

30,00,000

42,00,000

12,00,000

40.00

IV. Expenses

a. Cost of Materials Consumed

12,50,000

22,50,000

10,00,000

80.00

b. Other Expenses

2,50,000

3,75,000

1,25,000

50.00

15,00,000 26,25,000 11,25,000 75.00

Profit before Income Tax

15,00,000

15,75,000

75,000

5.00

Less: Income Tax @ 50%

7,50,000

7,87,500

37,500

5.00

Profit after Income Tax

7,50,000

7,87,500

37,500

5.00

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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 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. From the following information, prepare Comparative Statement of Profit and Loss showing increase, decrease and percentage:


Particulars	31st March, 2019	31st March, 2018
Cost of Materials Consumed	₹ 13,44,000	₹ 6,00,000
Revenue from Operations (% of Materials Consumed)	125%	200%
Other Expenses (% of Operating Revenue)	10%	10%
Tax Rate	50%	50%

Q. 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

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	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%

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	25,00,000	37,50,000	12,50,000	50.00
II. Other Income	5,00,000	4,50,000	(50,000)	(10.00)
III. Total Revenue (I + II)	30,00,000	42,00,000	12,00,000	40.00
IV. Expenses
a. Cost of Materials Consumed	12,50,000	22,50,000	10,00,000	80.00
b. Other Expenses	2,50,000	3,75,000	1,25,000	50.00
	15,00,000	26,25,000	11,25,000	75.00

Profit before Income Tax	15,00,000	15,75,000	75,000	5.00
Less: Income Tax @ 50%	7,50,000	7,87,500	37,500	5.00
Profit after Income Tax	7,50,000	7,87,500	37,500	5.00