Page No
3.35:
Question 13:
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% |
Answer:
|
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 |
|
|
|
|
|
|
Page No 3.34:
Question 14: Prepare a Comparative Statement of Profit and Loss from the information extracted from the Statement of Profit and Loss for the year ended 31st March, 2017 and 2018.
|
Particulars |
2017-18 (`) |
2016-17
(`) |
|
Revenue from Operations |
15,00,000 |
10,00,000 |
|
Other Income (% of Revenue from Operations) |
60% |
50% |
|
Employee Benefit Expenses (% of total revenue) |
40% |
30% |
|
Tax Rate |
40% |
40% |
(Delhi 2019)
Answer:
|
Comparative Statement of
Profit and Loss as at 31st March, 2018 |
|||||
|
Particulars
|
Note
No. |
31st March, 2017 (`) |
31st March, 2018 (`) |
Absolute Change (Increase/Decrease)(`) |
Percentage Change (Increase/Decrease)(%) |
|
|
(A) |
(B) |
(C = A-B) |
(D = C/A×100) |
|
|
Revenue from Operations |
|
10,00,000 |
15,00,000 |
5,00,000 |
50.00 |
|
Other Income (% of Revenue from Operations) |
|
5,00,000 |
9,00,000 |
4,00,000 |
80.00 |
|
Total
Revenue |
|
15,00,000 |
24,00,000 |
9,00,000 |
60.00 |
|
Employee Benefit Expenses (% of total revenue) |
|
4,50,000 |
9,60,000 |
5,10,000 |
113.33 |
|
Profit
before Tax |
|
10,50,000 |
14,40,000 |
3,90,000 |
37.14 |
|
Less: Tax 40% |
|
4,20,000 |
5,76,000 |
1,56,000 |
37.14 |
|
Profit
after Tax |
|
6,30,000 |
8,64,000 |
2,34,000 |
37.14 |
Page No 3.35:
Question 15:
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% |
Answer:
|
Comparative
Income Statement for the year ended 31st March,
2018 and 2019 |
||||
|
Particulars |
March 31, 2018 ( `) |
March 31, 2019 ( `) |
Absolute Change ( `) |
Percentage Change (%) |
|
I.
Revenue from Operations (WN1) |
12,00,000 |
16,80,000 |
4,80,000 |
40.00 |
|
II.
Expenses |
|
|
|
|
|
a.
Cost of Material Consumed |
6,00,000 |
13,44,000 |
7,44,000 |
124.00 |
|
b. Other Expenses (WN2) |
1,20,000 |
1,68,000 |
48,000 |
40.00 |
|
|
7,20,000 |
15,12,000 |
7,92,000 |
110.00 |
|
|
|
|
|
|
|
Profit
before Income Tax (I-II) |
4,80,000 |
1,68,000 |
(3,12,000) |
(65.00) |
|
Less: Income Tax @
50% |
2,40,000 |
84,000 |
(1,56,000) |
(65.00) |
|
Profit after Income Tax |
2,40,000 |
84,000 |
1,56,000 |
(65.00) |
|
|
|
|
|
|
Working Notes:
WN1 Computation of Revenue
from Operations
|
Particulars |
2018 ( `) |
2019 ( `) |
|
Cost
of Materials Consumed |
6,00,000 |
13,44,000 |
|
%
of Materials Consumed |
200% |
125% |
|
Revenue from
Operations |
12,00,000 |
16,80,000 |
WN2 Computation of Other
Expenses
|
Particulars |
2018 ( `) |
2019 ( `) |
|
Revenue
From Operations |
12,00,000 |
16,80,000 |
|
%
of Operating Revenue |
10% |
10% |
|
Other Expenses |
1,20,000 |
1,68,000 |
Page No 3.35:
Question 16:
From the following particulars obtained from the books of Mark, prepare a Comparative Statement of Profit and Loss:
|
Particulars |
31st March, 2018 (`) |
31st March, 2017 (`) |
|
Revenue from Operations |
50,00,000 |
40,00,000 |
|
Purchase of Stock-in-Trade |
40,00,000 |
30,00,000 |
|
Changes in Inventory |
10,00,000 |
8,00,000 |
|
Other Expenses |
5,00,000 |
4,00,000 |
|
Other Incomes |
2,50,000 |
2,00,000 |
Answer:
|
Comparative Statement of
Profit and Loss as at 31st March, 2018 |
|||||
|
Particulars
|
Note
No. |
31st March, 2017 (`) |
31st March, 2018 (`) |
Absolute Change (Increase/Decrease)(`) |
Percentage Change (Increase/Decrease)(%) |
|
|
(A) |
(B) |
(C = A-B) |
(D = C/A×100) |
|
|
Revenue from Operations |
|
40,00,000 |
50,00,000 |
10,00,000 |
25 |
|
Other Incomes |
|
2,00,000 |
2,50,000 |
50,000 |
25 |
|
Total
Revenue |
|
42,00,000 |
52,50,000 |
10,50,000 |
25 |
|
Expenses |
|
|
|
|
|
|
Purchase of Stock-in-Trade |
|
30,00,000 |
40,00,000 |
10,00,000 |
33.3 |
|
Changes in Inventory |
|
8,00,000 |
10,00,000 |
2,00,000 |
25 |
|
Other Expenses |
|
4,00,000 |
5,00,000 |
13,00,000 |
25 |
|
Total
Expenses |
|
42,00,000 |
55,00,000 |
13,00,000 |
30.95 |
|
Profit
before Tax |
|
. . . |
(2,50,000) |
(2,50,000) |
… |
|
Less: Tax … % |
|
. . . |
. . . |
. . . |
… |
|
Profit
after Tax |
|
42,00,000 |
55,00,000 |
13,00,000 |
30.95 |
Click on Below link for more questions Of Volume-3 of 12th
Chapter-1: Tools of Financial statement analysis- Comparative statement and Common-Size statement | 2021-2022
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