Prepare a comparative statement of profit and loss for the year ended 31st March, 2015 from the following information :
Particulars31st March, 2015 (Rs)31st March, 2014 (Rs)Revenue from Operations 10,00,000 5,00,000Purchase of stock-in-trade 6,50,000 2,00,000Change in Inventories of Stock 60,000 50,000Other Expenses10% of cost of revenue from20% of cost of revenue fromoperationsoperationsTax Rate 40% 30%
Particulars31−3−201431−3−2015AbsolutePercentage(Rs) (Rs) Change Change C=B-A (C/A×100)I.Revenue from operations 5,00,000––––––––––– 10,00,000––––––––––––– 5,00,000––––––––––– 100.00%–––––––––––II.Expenses :(a) Purchase of stock in trade2,00,0006,50,0004,50,000225.00%(b) Change in inventories50,00060,00010,00020.00%(c) Other expenses50,00071,00021,00042.00% Total Expenses¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 3,00,000–––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 7,81,000–––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 4,81,000–––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 160.33%–––––––––––III.Net profit before tax (I-II)2,00,0002,19,00019,0009.50%IV.Less : Tax60,00087,60027,60046.00%V.Net profit after tax (III-IV)¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,40,000¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,31,400¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ (8,600)¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ (6.14)%