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प्रश्न
Give one word/term/ phrase for the following statement
The statement showing profitability of two different period and its percentage change.
उत्तर
Comparative income statement
Explanation: A statement that compares financial data of different years is known as comparative income statement. Generally, the current year figures are compared with the previous year figures. Basically, it shows how the revenue and expenses have increased in relation to the previous year or year of comparison.
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संबंधित प्रश्न
Following is the Statement of Profit and Loss of Moon India Ltd for the year ended 31st March 2015.
| Particulars | Note No. | 31-3-2015 (Rs.) | 31-3-2014 (Rs.) |
|
Revenue from operations Other Income Employee benefit – expenses Other expenses Tax Rate |
50,00,000 2,00,000 60% of the total revenue 10% of employee benefit expenses 50% |
40,00,000 10,00,000 50% of the total revenue 20% of employee benefit expenses 40% |
The motto of Moon India Ltd. is to produce and distribute green energy in the backward areas of India. It has also taken up a project of giving vocational training to the girls belonging to the backward areas of Rajasthan.
You are required to prepare a comparative statement of Profit and Loss of Moon India Ltd. from the given statement of Profit and Loss and also identify any two values that the company wishes to convey to the society.
The motto of 'Pharma Ltd', a company engaged in the manufacturing of low-cost generic medicines, is 'Healthy India'. Its management and employees are hardworking, honest and motivated. The net profit of the company doubled during the year ended 31-3-2014. Encouraged by its performance, the company decided to pay the bonus to all employees at double the rate than last year. Following is the Comparative Statement of Profit and Loss of the company for the years ended 31-3-2013 and 31-3-2014.
| Pharma Ltd Comparative Statement of Profit and Loss |
|||||
| Particulars | Note No. |
2012-13 Rs |
2013-14 Rs |
Absolute Rs |
% Change |
|
Revenue from operations Less Employee benefit expenses Profit before tax Tax Rate 25% Profit after tax |
20,00,000 12,00,000 8,00,000 2,00,000 6,00,000 |
30,00,000 14,00,000 16,00,000 4,00,000 12,00,000 |
10,00,000 2,00,000 8,00,000 2,00,000 6,00,000 |
50 16-87 100 100 100 |
|
1) Calculate Net Profit Ratio for the years ending 31st March, 2013 and 2014
2) Identify any two values which ‘Pharma Ltd’ is trying to propagate
From the following Statement of profit and loss of the year ended 31st March 2013, prepare a comparative ‘Statement of Profit and Loss’ of Vidya Ltd
| Particulars | 2012-13 Rs | 2011-12 Rs |
|
Revenue from operation Other expenses Expenses |
14,00,000 4,00,000 11,00,000 |
11,00,000 3,00,000 12,00,000 |
A rate of Income-tax was 50%.
From the following Statement of profit and loss of the year ended 31st March 2013, prepare a comparative statement of Profit and Loss ‘of Better Sales Ltd.
| Particulars | 2012-13 Rs | 2011-12 Rs |
|
Revenue from operation Other expenses Expenses |
7,00,000 75,000 4,50,000 |
5,00,000 1,00,000 3,75,000 |
Rate of Income tax was 50%.
From the following Statement of profit and loss of Ajanta Ltd, year ended 31st March 2013, prepare a comparative statement of Profit and Loss :
| Particular |
2012-13 Rs |
2011-12 Rs |
| Revenue from operation | 20,00,000 | 18,00,000 |
| Other expenses | 4,00,000 | 6,00,000 |
| Expenses | 19,00,000 | 17,00,000 |
Rate of Income tax was 50%.
From the Following Statements of Profit and Loss Suntrack Ltd., for the years ended 31st March 2011 and 2012, prepare a 'Comparative Statement of Profit and Loss'.
| Particulars | Note No. |
2011-12 | 2010-11 |
| Revenue from Operations | 20,00,00 | 12,00,000 | |
| Other Incomes | 12,00,000 | 9,00,000 | |
| Expenses | 13,00,000 | 10,00,000 |
Explain the following :
Comparative income statement
Solve the following :
If office expenses of two different periods are Rs 4,000 and Rs 5,000 respectively and sales for same two periods are Rs 1,00,000 and Rs 2,00,000 respectively then what is absolute change and percentage?
Prepare Comparative Income Statement from the following information:
| Particulars | 2016-17 Rs. |
2015-16 Rs. |
| Freight Outward | 20,000 | 10,000 |
| Wages (office) | 10,000 | 5,000 |
| Manufacturing Expenses | 50,000 | 20,000 |
| Stock adjustment | (60,000) | 30,000 |
| Cash purchases | 80,000 | 60,000 |
| Credit purchases | 60,000 | 20,000 |
| Returns inward | 8,000 | 4,000 |
| Gross profit | (30,000) | 90,000 |
| Carriage outward | 20,000 | 10,000 |
| Machinery | 3,00,000 | 2,00,000 |
| Charge 10% depreciation on machinery | 10,000 | 5,000 |
| Interest on short-term loans | 20,000 | 20,000 |
| 10% debentures | 20,000 | 10,000 |
| Profit on sale of furniture | 20,000 | 10,000 |
| Loss on sale of office car | 90,000 | 60,000 |
| Tax rate | 40% | 50% |
Prepare Comparative Income Statement from the following information:
| Particulars | 2015-16 Rs. |
2016-17 Rs. |
| Manufacturing expenses | 35,000 | 80,000 |
| Opening stock | 30,000 | 60% of closing stock |
| Sales | 9,60,000 | 4,50,000 |
| Returns outward | 4,000 (out of credit purchase) | 6,000 (out of cash purchase) |
| Closing stock | 150% of opening stock | 1,00,000 |
| Credit purchases | 1,50,000 | 150% of cash purchase |
| Cash purchases | 80% of credit purchases | 40,000 |
| Carriage outward | 10,000 | 30,000 |
| Building | 1,00,000 | 2,00,000 |
| Depreciation on building | 20% | 10% |
| Interest on bank overdraft | 5,000 | - |
| 10% debentures | 2,00,000 | 20,00,000 |
| Profit on sale of copyright | 10,000 | 20,000 |
| Loss on sale of personal car | 10,000 | 20,000 |
| Other operating expenses | 20,000 | 10,000 |
| Tax rate | 50% | 40% |
From the Following Balance Sheet of Royal Industries Ltd. as at 31st March, 2019, prepare Comparative Balance Sheet:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. EQUITY AND LIABILITIES
1. Shareholder's Funds |
|||
|
(a) Share Capital |
|||
|
Equity Share Capital |
10,00,000 |
5,00,000 |
|
|
(b) Reserves and Surplus |
1,00,000 |
1,00,000 |
|
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings |
2,00,000 |
3,00,000 |
|
|
3. Current Liabilities |
|||
|
Trade Payables |
2,00,000 |
1,00,000 |
|
|
Total |
15,00,000 |
10,00,000 |
|
| II. ASSETS | |||
|
1. Non-Current Assets |
|||
|
(a) Fixed Assets: |
|||
|
(i) Tangible Assets |
8,00,000 |
4,00,000 |
|
|
(ii) Intangible Assets |
2,00,000 |
2,00,000 |
|
|
(b) Non-Current Investments |
2,00,000 |
2,00,000 |
|
|
2. Current Assets |
|||
|
(a) Inventories |
2,50,000 |
1,50,000 |
|
|
(b) Cash and Cash Equivalents |
50,000 |
50,000 |
|
|
Total |
15,00,000 |
10,00,000 |
Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. Income | |||
|
Revenue from Operations (Net Sales) |
3,50,000 | 3,00,000 | |
| II. Expenses | |||
|
Purchases of Stock-in-Trade |
2,10,000 | 1,80,000 | |
|
Change in Inventories of Stock-in-Trade |
15,000 | 20,000 | |
|
Employees Benefits Expenses |
17,500 | 15,000 | |
|
Other Expenses |
7,500 |
5,000 | |
|
Total |
2,50,000 | 2,20,000 | |
| III. Profit before Tax (I-II) |
1,00,000 |
80,000 | |
|
IV. Less: Tax |
30,000 |
24,000 | |
|
V. Profit after Tax (III-IV) |
70,000 |
56,000 |
Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
|
I. Income |
|||
|
Revenue from Operations (Net Sales) |
3,00,000 |
2,50,000 |
|
|
II. Expenses |
|||
|
Cost of Materials Consumed |
1,20,000 |
1,00,000 |
|
|
Changes in Inventories of WIP and Finished Goods |
(2,000) |
5,000 |
|
|
Employees Benefits Expenses (Wages) |
30,000 |
25,000 |
|
|
Other Expenses |
22,000 |
20,000 |
|
|
Total |
1,70,000 |
1,50,000 |
|
|
III. Net Profit (I-II) |
1,30,000 |
1,00,000 |
From the following Information, prepare Comparative Statement of Profit and Loss:
|
Particulars |
31st March, 2019 |
31st March, 2018 |
||
|
Revenue from Operations |
₹ 30,00,000 |
₹ 20,00,000 |
||
|
Other Income (% of Revenue from Operations) |
12% |
20% |
||
| Expenses (% of Operating Revenue) |
70% |
60% |
||
| Tax Rate |
40% |
40% |
||
Prepare Comparative Statement of Profit and Loss from the following information:
| Particulars | 31st March, 2019 |
31st March, 2018 | ||
| Revenue from Operations | ₹ 37,50,000 |
₹ 25,00,000 |
||
| Other Income | ₹ 4,50,000 |
₹ 5,00,000 |
||
| Cost of Materials Consumed | ₹ 22,50,000 | ₹ 12,50,000 | ||
| Other Expenses | ₹ 3,75,000 | ₹ 2,50,000 | ||
| Tax Rate | 50% | 50% | ||
From the following Statement of Profit and Loss of Antriksh Ltd. for the year ended 31st March, 2012 and 2013, Prepare Comparative Statement of Profit and Loss:
| Particulars | Note No. | 31st March, 2013 (₹) |
31st March, |
||
| Revenue from Operations | 14,00,000 | 8,00,000 | |||
| Other Incomes | 6,00,000 |
4,00,000 |
|||
|
Expenses |
17,00,000 |
11,00,000 |
|||
Rate of Income Tax was 40%.
From the following Statement of Profit and Loss, prepare Comparative Statement of Profit and Loss:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. Income | |||
|
Revenue from Operations (Net Sales) |
20,00,000 | 17,50,000 | |
|
Other Income |
75,000 |
50,000 | |
|
Total |
20,75,000 | 18,00,000 | |
| II. Expenses |
|
||
|
Purchases of Stock-in-Trade |
11,60,000 | 10,00,000 | |
|
Change in Inventories of Stock-in-Trade |
10,000 | (25,000) | |
|
Employees Benefits Expenses |
1 | 3,00,000 | 3,00,000 |
|
Depreciation and Amortisation Expenses |
50,000 | 50,000 | |
|
Other Expenses |
2 |
90,000 |
75,000 |
|
Total |
16,10,000 |
14,00,000 | |
| III. Net Profit (I-II) | 4,65,000 | 4,00,000 |
Notes to Accounts
|
Particulars |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. Employees Benefit Expenses | ||
|
Wages |
3,00,000 |
3,00,000 |
| 2. Other Expenses | ||
|
Administrative and General Expenses |
70,000 |
50,000 |
|
Miscellaneous Expenses |
20,000 |
25,000 |
|
90,000 |
75,000 |
Comparative statement are also known as?
Comparative Balance Sheet:
Comparative Statement of Profit and Loss provides information about:
Which of the following cannot be identified with the help of Comparative Statement of Profit and Loss?
From the following information, prepare comparative statement of Profit & Loss.
| Particulars | Note No. | 2022-23 (₹) | 2021-22 (₹) |
| Revenue from operations | 10,00,000 | 8,00,000 | |
| Other Income | 2,20,000 | 1,50,000 | |
| Cost of materials consumed | 4,00,000 | 3,00,000 | |
| Change in inventories of finished goods and work in progress | 2,00,000 | 1,00,000 | |
| Other Expenses (% of cost of Revenue from Operations) | 15% | 10% | |
| Tax Rate | 30% | 30% |
From the following data of Horizon Ltd., you are required to prepare a Comparative Statement of Profit and Loss.
| Particulars | 31.03.2022 | 31.03.2021 |
| Revenue from Operations (% of Other Income) | 100% | 100% |
| Other Income | ₹ 1,00,000 | ₹ 50,000 |
| Cost of Materials consumed | ₹ 50,000 | ₹ 20,000 |
| Depreciation and Amortisation Expense | ₹ 10,000 | ₹ 5,000 |
Following is the Comparative Income Statement of Violet Ltd. for the years ending 31-3-2023 and 31-3-2022.
You are required to present the Comparative Income Statement in its complete form after calculating the missing information represented by "??".
| Comparative Income Statement of Violet Ltd. For the years ending 31-3-2023 and 31-3-2022 |
||||
| Particulars | 31-03-2023 (₹) | 31-03-2022 (₹) | Absolute change | % Change |
| Revenue from Operations | ?? | 7,098 | 364 | ?? |
| Expenses | 8,998 | 7,931 | ?? | ?? |
| Net Profit | ?? | (833) | (703) | ?? |
