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Comparative Statements and Common-Size Statements 5.17
8. Prepare Comparative Statement of Profit & Loss from the following Statement of Profit & Loss:

Particulars Note No. 31st March, 31st March,
2024 (`) 2023 (`)
I. Income
Revenue from Operations 50,00,000 40,00,000
Other Income 3,00,000 2,00,000
Total 53,00,000 42,00,000
II. Expenses
Purchases of Stock-in-Trade 34,00,000 32,00,000
Change in Inventories of Stock-in-Trade 1,00,000 (2,00,000)
Employees Benefit Expenses 1,00,000 1,00,000
Finance Costs 45,000 50,000
Depreciation and Amortisation Expenses 30,000 25,000
Other Expenses 1 3,25,000 3,00,000
Total 40,00,000 34,75,000
III. Net Profit (I – II) 13,00,000 7,25,000

Note to Accounts
Particulars 31st March, 31st March,
2024 (`) 2023 (`)
1. Other Expenses
Administrative and Selling Expenses 2,00,000 2,00,000
Miscellaneous Expenses (Non-operative) 1,25,000 1,00,000
3,25,000 3,00,000
[Ans.:
Particulars Revenue from Other Purchase of Change in Finance Dep. & Other Net
Operations Income Stock-in-Trade Inventories Cost Amortisation Expenses Profit
Absolute Change (`) 10,00,000 1,00,000 2,00,000 3,00,000 (5,000) 5,000 25,000 5,75,000
Percentage Change (%) 25.00 50.00 6.25 150.00 (10.00) 20.00 8.33 79.31
]
9. Convert the following Statement of Profit & Loss into Common-size Statement of Profit & Loss:

Particulars Note No. 31st March, 31st March,
2024 (`) 2023 (`)
I. Income
Revenue from Operations 1 18,01,000 15,00,000
Other Income 20,000 15,000
Total Revenue 18,21,000 15,15,000
II. Expenses
Purchases of Stock-in-Trade 10,22,500 9,00,000
Change in Inventories of Stock-in-Trade (10,000) 10,000
Employees Benefit Expenses 3,30,000 3,00,000
Other Expenses 2 2,00,000 1,70,000
Total 15,42,500 13,80,000
III. Net Profit (I – II) 2,78,500 1,35,000