Prepare a Comparative Statement of Profit & Loss from the information extracted from the Statement of Profit & Loss for the year ended 31st March, 2017 and 2018
Prepare a Comparative Statement of Profit & Loss from the information extracted from the Statement of Profit & 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% |
[Ans.:]
| Particulars | Absolute Change (₹) | Percentage Change (%) |
| Revenue from Operations | 5,00,000 | 50.00 |
| Othe Income | 4,00,000 | 80.00 |
| Total Revenue | 9,00,000 | 60.00 |
| Employee Benefit Exp | 5,10,000 | 113.33 |
| Profit before Tax | 3,90,000 | 37.14 |
| Profit after Tax | 2,34,000 | 37.14 |
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