Tanushree Ltd. is in the business of manufacturing cosmetics. Encouraged by the spurt in profits, the Company decided to spend 20 $%$ of its profits to organise clealiness drive in a nearby village. Following particulars are obtained from the Company's books :

$\begin{matrix} Note & 31.03.2017 & 31 st No & March & March 2018 & 2017 Rs & Rs Revenue from Operations & 40, 00, 000 & 25, 00, 000 Purchase of Stock in Trade & 33, 60, 000 & 18, 50, 000 Changes in Inventories & (2, 00, 000) & 1, 50, 000 Other Expenses & 1, 20, 000 & 1, 00, 000 Other Income & 1, 60, 000 & 50, 000 \end{matrix}$

You are required to : (a) Prepare a Common Size Statement of Profit & Loss, and

(b) Identify the value highlighted.

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Solution

(b) Value Involved : Concern for health : By conducting cleanliness drive in the village

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Similar questions

Prepare a Common Size Statement of Profit & Loss from the following and interpret the same :

STATEMENT OF PROFIT & LOSS

$\begin{matrix} Note & 31 st & 31 st No & March & March 2018 & 2017 Rs & Rs Revenue from Operations & 25, 00, 000 & 20, 00, 000 Other Income & 1, 00, 000 & 1, 00, 000 Cost of Materials Consumed & 17, 00, 000 & 14, 00, 000 Finance Costs & 2, 00, 000 & 1, 60, 000 Other Expenses & 1, 00, 000 & 1, 40, 000 \end{matrix}$

Gwalior Ltd. is in the business of manufacturing woolen garments. It decided to donate woollen clothes, blankets and other garments for flood affected areas of Jammu and Kashmir. Following particulars are obtained from the Company's books :

$\begin{matrix} Particulars & 31 - 03 - 2014 & 31 - 03 - 2015 (Rs) & (Rs) Revenue from Operations & 30, 00, 000 & 40, 00, 000 Purchase of Stock in Trade : & 19, 00, 000 & 20, 00, 000 Changes in Inventories & (1, 00, 000) & 2, 00, 000 Other Expenses & 1, 80, 000 & 1, 76, 000 \end{matrix}$

You are required to :

(a) Prepare a Comparative Statement of Profit & Loss, and

(b) Identify the value involved.

Assam Tea Ltd. decided to donate 5 $%$ of its net profit every year to a Non-Government Organisation (N.G.O), that is engaged in providing clean drinking water in the rural areas of Assam. Following particulars are related to the Statement of Profit & Loss of the Company for two consecutive years :

$\begin{matrix} Particulars & 31.03.2017 & 31.03.2016 Rs. & Rs. Revenue from Operations & 75, 00, 000 & 60, 00, 000 Other Incomes & 1, 20, 000 & 1, 50, 000 Expenses & 50, 60, 000 & 44, 00, 000 Income Tax & 40 % & 35 % \end{matrix}$

You are required to Prepare the Comparative Statement of Profit & Loss

Following is the statement of Profit and Loss of Sun India Ltd. for the year ended 31st March, 2015 :

$\begin{matrix} Note & 31 - 03 - 2015 & 31 - 03 - 2014 Particulars & No & (Rs.) & (Rs.) Revenue from Operations & 25, 00, 000 & 20, 00, 000 Other Incomes & 1, 00, 000 & 5, 00, 000 Employee benefit expenses : & 60 % of Total Revenue & 50 % of Total Revenue Other Expenses & 10 % of Employee & 20 % of Employee benefits expenses & benefits expenses Tax Rate & 50 % & 40 % \end{matrix}$

You are required to prepare a Comparative Statement of Profit and Loss of Sun India Ltd. from the given statement of Profit and Loss.

Raj Ltd. decided to bear the higher education cost of five brilliant students belonging to the weaker section of the society. Following is the Statement of Profit & Loss of Raj Ltd for the year ended 31-03-2018:

$\begin{matrix} Particulars & Amount Rs Income : Revenue from Operations & 2, 00, 000 Other Incomes & 15, 000 Total Revenue & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 2, 15, 000 - -------- - Expenses: Cost of Materials Consumed & 1, 10, 000 Other Expenses & 5, 000 Total Expenses & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 1, 15, 000 Tax & 40, 000 \end{matrix}$

You are required to :

(a) Prepare a common size Statement of Profit & Loss of Raj Ltd. for the year ended 31.03.2018.

(b) Identify the value involved.

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