Page 156 - afs12

Comparative Statements and Common-Size Statements 5.15
[Ans.:
Particulars Revenue Other Purchases Change in Depreciation Other Profit Tax Profit
from Income of Inventories of and Expenses before after
Operations Stock-in-Trade Stock-in-Trade Amortisation Tax Tax
Expenses
Absolute
Change (`) 2,50,000 2,500 1,00,000 25,000 (2,000) 11,000 1,18,500 35,550 82,950
Percentage
Change (%) 33.33 33.33 33.33 33.33 (16.67) 78.57 55.76 55.76 55.76
]
5. From the following Statement of Profit & Loss, prepare Comparative Statement of Profit & Loss:
Particulars Note No. 31st March, 31st March,
2024 (`) 2023 (`)
I. Income
Revenue from Operations 1 60,00,000 75,00,000
Other Income 1,50,000 3,00,000
Total 61,50,000 78,00,000
II. Expenses
Purchases of Stock-in-Trade 31,00,000 43,00,000
Change in Inventories of Stock-in-Trade 2 (1,00,000) 2,00,000
Employees Benefit Expenses 2,00,000 3,00,000
Other Expenses 3 18,75,000 21,00,000
Total 50,75,000 69,00,000
III. Net Profit (I – II) 10,75,000 9,00,000

Notes to Accounts
Particulars 31st March, 31st March,
2024 (`) 2023 (`)
1. Revenue from Operations
Sale 59,80,000 74,50,000
Sale of Waste 20,000 50,000
60,00,000 75,00,000
2. Change in Inventories of Stock-in-Trade
Opening Inventory 1,00,000 3,00,000
Less: Closing Inventory 2,00,000 1,00,000
(1,00,000) 2,00,000
3. Other Expenses
Administrative and General Expenses 8,00,000 12,00,000
Marketing Expenses 10,75,000 9,00,000
18,75,000 21,00,000

[Ans.:
Particulars Revenue Other Purchases Change in Employees Other Expenses Profit before
from Income of Inventories of Benefit Expenses Tax
Operations Stock-in-Trade Stock-in-Trade Expenses
Absolute Amount (`) (15,00,000) (1,50,000) (12,00,000) (3,00,000) (1,00,000) (2,25,000) (18,25,000) 1,75,000
Percentage (%) (20.00) (50.00) (27.91) (150.00) (33.33) (10.71) (26.45) 19.44
]