From the following Statement of Profit & Loss of Skills India Ltd. for the year ended 31st March, 2018 and 2019, prepare a Comparative Statement of Profit & Loss:
From the following Statement of Profit & Loss of Skills India Ltd. for the year ended 31st March, 2018 and 2019, prepare a Comparative Statement of Profit & Loss:
[Ans.:]
| Particulars | 31st March, 2019 (₹) | 31st March, 2018 (₹) |
| 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% |
| Particulars | Absolute Change | Percentage Change (%) |
| Revenue from Operatoins | 25,00,000 | 125 |
| Employee Benefit Expenses | 2,00,000 | 25 |
| Other Expenses | 3,00,000 | 150 |
| Total Expenses | 5,00,000 | 50 |
| Profit before Tax | 20,00,000 | 200 |
| Profit after Tax | 14,00,000 | 200 |
Anurag Pathak Answered question 18 hours ago
