Question of 33
Q.
The Aaradhya Company Limited gives the abridged profit and loss statement ending on 31-3-2022 and 31-3-2023 as follows. Prepare comparative statement of profit and loss.
| Particulars | Note No. | 31-3-2023 (₹) | 31-3-2022 (₹) |
|---|---|---|---|
| Sales revenue | 25,35,000 | 19,50,000 | |
| Other Income | 2,85,000 | 1,90,000 | |
| Cost of goods consumed | 11,40,000 | 9,50,000 | |
| Financial Lost | 90,000 | 1,50,000 | |
| Depreciation | 60,000 | 60,000 | |
| Other expenses | 4,25,000 | 3,40,000 |
Income Tax rate is 30%
Gujarat GsebGujarat Board (GSEB) HSC Commerce Board 2024Subjective· 4mImportance★★★★★
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Start your 14-day free trial to unlock the full solution →Comparative statement: Revenue from operations +30%, Total revenue +31.78%, Total expenses +14.33%, Profit before tax +72.66%, Profit after tax up to Rs 7,73,500 (+72.66%).
Absolute change = 2022-23 figure - 2021-22 figure; % change = (Absolute change / 2021-22 figure) x 100.
Comparative Statement of Profit and Loss (for years ended 31-3-2022 and 31-3-2023):
| Particulars | 2021-22 (Rs) | 2022-23 (Rs) | Absolute change (Rs) | % change |
|---|---|---|---|---|
| Revenue from operations (Sales) | 19,50,000 | 25,35,000 | 5,85,000 | 30.00 |
| Add: Other income | 1,90,000 | 2,85,000 | 95,000 | 50.00 |
| A. Total revenue | 21,40,000 | 28,20,000 | 6,80,000 | 31.78 |
| Cost of goods consumed | 9,50,000 | 11,40,000 | 1,90,000 | 20.00 |
| Finance cost | 1,50,000 | 90,000 | (60,000) | (40.00) |
| Depreciation | 60,000 | 60,000 | 0 | 0.00 |
| Other expenses | 3,40,000 | 4,25,000 | 85,000 | 25.00 |
| B. Total expenses | 15,00,000 | 17,15,000 | 2,15,000 | 14.33 |
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