From the following information of Ajay Ltd., prepare a Comparative Statement of Profit and Loss for the year ended 31st March, $\displaystyle 2022$ : $\displaystyle 2021$ $\displaystyle 22$ $\displaystyle 2020$ $\displaystyle 21$ Particulars < < Revenue from Operations $\displaystyle 7,00,000$ $\displaystyle 4,00,000$ Other Income $\displaystyle 3,00,000$ $\displaystyle 1,00,000$ Expenses $\displaystyle 1,00,000$ $\displaystyle 1,00,000$ Tax Rate $\displaystyle 50$%

OR

From the following information of Sneha Ltd., prepare a Common Size Statement of Profit and Loss for the year ended 31st March, $\displaystyle 2022$ : $\displaystyle 2021$ $\displaystyle 22$ $\displaystyle 2020$ $\displaystyle 21$ Particulars < < Revenue from Operations $\displaystyle 20,00,000$ $\displaystyle 10,00,000$ Employee Benefit Expenses $\displaystyle 8,00,000$ $\displaystyle 4,00,000$ Other Expenses $\displaystyle 2,00,000$ $\displaystyle 1,00,000$ Tax Rate $\displaystyle 50$%

Comparative statement of Profit & Loss for years ended 31st March, $\displaystyle 2021$ and 31st March, $\displaystyle 2022$ $\displaystyle 2020$–$\displaystyle 21$ $\displaystyle 2021$–$\displaystyle 22$ Absolute % Change Particulars (₹) (₹) Change(₹) Revenue from operations $\displaystyle 4,00,000$ $\displaystyle 7,00,000$ $\displaystyle 3,00,000$ $\displaystyle 75$ Add other income $\displaystyle 1,00,000$ $\displaystyle 3,00,000$ $\displaystyle 2,00,000$ $\displaystyle 200$ Total Revenue $\displaystyle 5,00,000$ $\displaystyle 10,00,000$ $\displaystyle 5,00,000$ $\displaystyle 100$ Less expenses $\displaystyle 1,00,000$ $\displaystyle 1,00,000$ — — Profit before Tax $\displaystyle 4,00,000$ $\displaystyle 9,00,000$ $\displaystyle 5,00,000$ $\displaystyle 125$ Less Tax @ $\displaystyle 50$% $\displaystyle 2,00,000$ $\displaystyle 4,50,000$ $\displaystyle 2,50,000$ $\displaystyle 125$ Profit after Tax $\displaystyle 2,00,000$ $\displaystyle 4,50,000$ $\displaystyle 2,50,000$ $\displaystyle 125$ Q. (b) From the following Balance Sheet of Sneha Ltd………. Ans. Common size statement of Profit & Loss for the years ended 31st March, $\displaystyle 2021$ and 31st March, $\displaystyle 2022$ $\displaystyle 2020$–$\displaystyle 21$ $\displaystyle 2021$–$\displaystyle 22$ % of Revenue % of Revenue Particulars from Operations from Operations (₹) (₹) $\displaystyle 2020$–$\displaystyle 21$ $\displaystyle 2021$-$\displaystyle 22$ Revenue from operations $\displaystyle 10,00,000$ $\displaystyle 20,00,000$ $\displaystyle 100$ $\displaystyle 100$ Less Expenses : Employee benefit expenses $\displaystyle 4,00,000$ $\displaystyle 8,00,000$ $\displaystyle 40$ $\displaystyle 40$ Other expenses $\displaystyle 1,00,000$ $\displaystyle 2,00,000$ $\displaystyle 10$ $\displaystyle 10$ Profit before Tax $\displaystyle 5,00,000$ $\displaystyle 10,00,000$ $\displaystyle 50$ $\displaystyle 50$ Less Tax @ $\displaystyle 50$% $\displaystyle 2,50,000$ $\displaystyle 5,00,000$ $\displaystyle 25$ $\displaystyle 25$ Profit after Tax $\displaystyle 2,50,000$ $\displaystyle 5,00,000$ $\displaystyle 25$ $\displaystyle 25$