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Question 6 Chapter 2 VK Publications Class 12 Part 2 - 2021
6. From the Following Statement of Profit and Loss of Super Hardwares Ltd. for the yearsthe ended 31st March, 2018 and 2017, prepare a Comparative Statement of Profit and Loss:
| Particulars | Note No. | 31st March,2018 (Rs.) | 31st March, 2017 (Rs.) |
| Revenue from Operations | 64,00,000 | 48,00,000 | |
| Employees Benefit Expenses | 30,00,000 | 24,00,000 | |
| Other Expenses | 3,00,000 | 6,00,000 |
Comparative Statement of Profit and Loss of Super Hardwares Ltd. For the years ended 31st March, 2017 & 2018
| Particulars | Note | 2016-2017 Rs. | 2017-2018 Rs. | Absolute Change Rs. | Percentage Change % |
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| A | B | B - A = C | C/A X 100 = D | ||
| I. Revenue from Operations | 48,00,000 | 60,00,000 | 15,00,000 | 25.00 | |
| II. Expenses | |||||
| Employees Benefit Expense | 24,00,000 | 30,00,000 | 6,00,000 | 25.00 | |
| Other Expense | 6,00,000 | 3,00,000 | 3,00,000 | 50.00 | |
| Total Expense | 30,00,000 | 33,00,000 | 3,00,000 | 10.00 | |
| III. Profit before Tax (I-II) | 18,00,000 | 27,00,000 | 9,00,000 | 50.00 |
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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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