Question 9: From the following Statement of Profit and Loss of
Skills India Ltd. for the year ended 31st March, 2021 and 2022, prepare a
Comparative Statement of Profit and Loss:
|
Particulars |
31st March, 2022 (`) |
31st March, 2021 (`) |
|
Revenue from Operations |
45,00,000
|
20,00,000 |
|
Employee Benefit Expenses |
10,00,000
|
8,00,000 |
|
Other Expenses |
5,00,000
|
2,00,000 |
|
Tax Rate 30% |
|
|
(CBSE 2020)
Answer:
|
Comparative
Statement of Profit and Loss as at 31st March, 2022 |
|||||
|
Particulars |
Note No. |
31st March, 2021 (`) |
31st March, 2022(`) |
Absolute Change (Increase/Decrease)(`) |
Percentage Change (Increase/Decrease)(%) |
|
|
(A) |
(B) |
(C
= A-B) |
(D
= C/A×100) |
|
|
Revenue from Operations |
|
20,00,000 |
45,00,000
|
25,00,000 |
125
|
|
Employee Benefit Expenses |
|
8,00,000 |
10,00,000
|
2,00,000
|
25
|
|
Other Expenses |
|
2,00,000 |
5,00,000
|
3,00,000
|
150
|
|
Total
Expenses |
|
10,00,000 |
15,00,000 |
5,00,000
|
50
|
|
Profit before Tax |
|
10,00,000 |
30,00,000 |
20,00,000
|
200
|
|
Less: Tax 30% |
|
3,00,000 |
9,00,000 |
6,00,000 |
200 |
|
Profit after Tax |
|
7,00,000 |
21,00,000 |
14,00,000 |
200 |
Question 10:
Following information
is extracted from the Statement of Profit and Loss of Gold Coin Ltd. for the
year ended 31st March, 2015:
|
Particulars |
31st March, 2015 |
31st March, 2014 |
|
Revenue from Operations |
` 60,00,000 |
` 45,00,000 |
|
Employee Benefit Expenses |
` 30,00,000 |
` 22,50,000 |
|
Depreciation |
` 7,50,000 |
` 6,00,000 |
|
Other Expenses |
` 15,50,000 |
` 10,00,000 |
|
Tax Rate |
30% |
30% |
Answer:
|
Comparative Income Statement for the year ended March 31, 2014 and 2015 |
||||
|
Particulars |
2014 (Rs) |
2015 (Rs) |
Absolute Change (Rs) |
Percentage Change (%) |
|
I. Revenue from Operations |
45,00,000 |
60,00,000 |
15,00,000 |
33.33 |
|
II. Expenses |
|
|
|
|
|
a. Depreciation |
6,00,000 |
7,50,000 |
1,50,000 |
25.0 |
|
b. Employees Benefit
Expenses |
22,50,000 |
30,00,000 |
7,50,000 |
33.33 |
|
c. Other Expenses |
10,00,000 |
15,50,000 |
5,50,000 |
55.0 |
|
|
38,50,000 |
53,00,000 |
14,50,000 |
37.66 |
|
Profit before Income Tax |
6,50,000 |
7,00,000 |
50,000 |
7.69 |
|
Less: Income Tax |
1,95,000 |
2,10,000 |
15,000 |
7.69 |
|
Profit after Income Tax |
4,55,000 |
4,90,000 |
35,000 |
7.69 |
|
|
|
|
|
|
Question
11:
Prepare
comparative Statement of Profit and Loss from following:
|
Particulars |
2019 |
2020 |
|
Revenue from Operations |
20,00,000
|
25,00,000 |
|
Cost of material consumed |
10,00,00o
|
13,00,000 |
|
Other Expenses |
Nil |
1,20,000 |
|
Tax rate |
50% |
50% |
(CBSE Sample paper 2020)
Answer:
|
Comparative
Statement of Profit and Loss as at 31st March, 2020 |
|||||
|
Particulars |
Note No. |
31st
March, 2019 (`) |
31st
March, 2020 (`) |
Absolute
Change (Increase/Decrease)(`) |
Percentage
Change (Increase/Decrease)(%) |
|
|
(A) |
(B) |
(C
= A-B) |
(D
= C/A×100) |
|
|
Revenue
from Operations |
|
20,00,000 |
25,00,000 |
5,00,000 |
25 |
|
Cost of material consumed |
|
10,00,00o
|
13,00,000 |
3,00,000 |
30 |
|
Other expenses |
|
- |
1,20,000 |
1,20,000 |
- |
|
Total
Expenses |
|
10,00,000 |
14,20,000 |
4,20,000 |
42 |
|
Profit
before Tax |
|
10,00,000 |
10,80,000 |
80,000 |
8 |
|
Less: Tax 50% |
|
5,00,000 |
5,40,000 |
40,000 |
8 |
|
Profit
after Tax |
|
5,00,000 |
5,40,000 |
40,000 |
8 |
Question
12:
Prepare
a Comparative Income Statement of Bikul Ltd. with the
help of the following information:
|
Particulars |
2016-17
(`) |
2017-18
(`) |
|
Revenue from Operations |
10,00,000 |
16,00,000 |
|
Cost of Materials Consumed |
5,00,000 |
10,00,000 |
|
Employee Benefit Expenses |
80,000 |
40,000 |
|
Other Indirect Expenses |
60,000 |
80,000 |
|
Income Tax Rate 40%. |
|
|
(CBSE 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
|
16,00,000 |
6,00,000 |
60.00 |
|
Expenses |
|
|
|
|
|
|
Cost of Materials Consumed |
|
5,00,000
|
10,00,000 |
5,00,000 |
100.00 |
|
Employee Benefit Expenses |
|
80,000
|
40,000 |
(40,000) |
(50.00) |
|
Other Indirect Expenses |
|
60,000
|
80,000 |
20,000 |
33.33 |
|
Total
Expenses |
|
6,40,000 |
11,20,000 |
4,80,000 |
75.00 |
|
Profit
before Tax |
|
3,60,000 |
4,80,000 |
1,20,000 |
33.33 |
|
Less: Tax 40% |
|
1,44,000 |
1,92,000 |
48,000 |
33.33 |
|
Profit
after Tax |
|
2,16,000 |
2,88,000 |
72,000 |
33.33 |
Class : 11th | Ts Grewal solution 2022-2023
Volume 3 | Chapter 3: Tools Of Financial Statement Analyse
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