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Question

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

Particulars 31st March,201631st March,2017Rs.Rs.Revenue from Operations10,00,00012,50,000Cost of Materials Consumed5,00,0006,50,000Other Expenses50,00060,000

Interest on investments @ Rs 30,000 each year.

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Solution

COMPARATIVE STATEMENT OF PROFIT & LOSS

for the years ended 31st March, 2016 and 2017

AbsolutePercentageChangeChange ParticularsNote No.201516201617(Increase or(Increase orDecrease)Decrease)A B (B - A = C)C/A×100=DRs. Rs. Rs. % I. Revenue from Operations10,00,00012,50,0002,50,00025.00II. Add : Other Incomes30,00030,000III. Total Revenue (I + II)¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯10,30,000–––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯12,80,000–––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯2,50,000––––––––¯¯¯¯¯¯¯¯¯¯¯¯24.27––––IV. Less : Expenses Cost of Materials Consumed5,00,0006,50,0001,50,00030.00 Other Expenses50,000––––––60,000––––––10,000––––––20.00–––– Total Expenses5,50,000––––––––7,10,000––––––––1,60,000––––––––29.09––––V.Profit before tax (III - IV)4,80,0005,70,00090,00018.75


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