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प्रश्न
Prepare Comparative Statement of Profit and Loss for the year ended 31st March, 2021 from the following information:
| Particulars | 2020-21 (₹) | 2019-20 (₹) |
| Revenue from operations | 75,00,000 | 60,00,000 |
| Expenses | 50,00,000 | 40,00,000 |
| Income Tax @ 40% |
खातेवही
उत्तर
| Comparative Income Statement for the year ended 31st March 2021 |
||||
| Particulars | 2020-21 (₹) | 2019-20 (₹) | Absolute Change (₹) |
% Change |
| Revenue from Operations | 75,00,000 | 60,00,000 | 15,00,000 | 25 |
| Less: Expenses | 50,00,000 | 40,00,000 | 10,00,000 | 25 |
| Profit Before tax | 25,00,000 | 20,00,000 | 5,00,000 | 25 |
| Less: Tax | 10,00,000 | 8,00,000 | 2,00,000 | 25 |
| Profit after tax | 15,00,000 | 12,00,000 | 3,00,000 | 25 |
Explanation:
1. Absolute Change: The difference between the values for 2020-21 and 2019-20.
Example: Revenue Change = ₹ 75,00,000 - ₹ 60,00,000 = ₹ 15,00,000.
2. Percentage Change: The absolute change divided by the 2019-20 value, expressed as a percentage.
Example: Revenue % Change = `(₹ 15,00,000)/(₹ 60,00,000) xx 100 = 25%`
3. The statement helps analyze the performance over two periods and identifies growth or decline trends in key financial metrics.
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