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Question 15 Chapter 3 of +2-B
Comparative Statement of Profit and Loss (Income Statement)
15. From the following Statement of Profit and Loss of Antriksh Ltd. For the year ended 31st March 2012 and 2013, prepare a comparative Statement of Profit and Loss
| Particulars | 31st March, | 31st March, |
| 2013 | 2012 | |
| Revenue from Operations | 14,00,000 | 8,00,000 |
| Other Income | 6,00,000 | 4,00,000 |
| Expenses | 17,00,000 | 11,00,000 |
| Rate of Income Tax | 40% | 40% |
Comparative Balance Sheet of Sun Ltd.
|
Particulars (1) |
Note no. (2) |
31st March, 2018 (A) (3) |
31st March, 2019 (B) (4) |
Absolute Change (Increase/ Decrease) (C=B-A) (5) |
Percentage Change (Increase/ Decrease) (D=C/A x 100) (6) |
|---|---|---|---|---|---|
| I. Income | |||||
| Revenue from Operations | 8,00,000 | 14,00,000 | 6,00,000 | 50.00% | |
| Other Income | 4,00,000 | 6,00,000 | 2,00,000 | (10.00%) | |
| Total Revenue | 12,00,000 | 20,00,000 | 8,00,000 | 40.00% | |
| II. Expenses | 11,00,000 | 17,00,000 | 6,00,000 | 54.55% | |
| III. Profit before Tax (I-II) | 1,00,000 | 3,00,000 | 2,00,000 | 200.00% | |
| IV. Less: Tax 50% | 40,000 | 1,20,000 | 80,000 | 200.00% | |
| V. Profit After Tax (I-II) | 60,000 | 1,80,000 | 1,20,000 | 200.00% |
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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