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From the following information prepare a Comparative Statement of Profit and Loss of Y Ltd: Particulars Revenue from operations (₹) Purchase of stock in trade (₹) - Accountancy

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प्रश्न

From the following information prepare a Comparative Statement of Profit and Loss of Y Ltd:

Particulars 31.3.2023 31.3.2022
Revenue from operations (₹) 40,00,000 20,00,000
Purchase of stock in trade (₹)  24,00,000 12,00,000
Change in inventories (% of purchase of stock in trade) 25% 20%
Other expenses (₹) 2,00,000 1,60,000
Tax rate 40% 40%
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उत्तर

Comparative Statement of Profit and Loss of Y Ltd.
for the year ended 31st March 2022 and 31st March 2023
Particulars Note no. 2022 (₹) (A) 2023 (₹) (B) Absolute Change (₹)
(C = B − A)
Percentage Change (%)
(D = C/A × 100)
I. Revenue from operations   20,00,000 40,00,000 20,00,000 100
II. Total Income   20,00,000 40,00,000 20,00,000 100
Less: Expenses          
Purchase of stock in trade   12,00,000 24,00,000 12,00,000 100
Change in inventories          
Other expenses    2,40,000 6,00,000 3,60,000 150
    1,60,000 2,00,000 40,000 25
III. Total Expenses    16,00,000 32,00,000 16,00,000 100
IV. Profit before Tax (II − IV)   4,00,000 8,00,000 4,00,000 100
V. Less: Tax (40%)   1,60,000 3,20,000 1,60,000 100
Profit after Tax (IV − V)   2,40,000 4,80,000 2,40,000 100
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