From the following information, prepare a Common Size Statement of Profit and Loss of X Ltd., for the year ended 31st March, $\displaystyle 2022$ : $\displaystyle 2021$ $\displaystyle 22$ $\displaystyle 2020$ $\displaystyle 21$ Particulars < < Revenue from Operations $\displaystyle 25,00,000$ $\displaystyle 20,00,000$ Other Income $\displaystyle 3,00,000$ $\displaystyle 2,00,000$ Expenses $\displaystyle 3,00,000$ $\displaystyle 1,00,000$ Tax Rate $\displaystyle 50$%

OR

From the following information, prepare a Comparative Statement of Profit and Loss of Y Ltd. for the year ended 31st March, $\displaystyle 2022$ : $\displaystyle 2021$ $\displaystyle 22$ $\displaystyle 2020$ $\displaystyle 21$ Particulars < < Revenue from Operations $\displaystyle 40,00,000$ $\displaystyle 30,00,000$ Other Income $\displaystyle 10,00,000$ $\displaystyle 10,00,000$ Employees Benefit Expenses $\displaystyle 5,00,000$ $\displaystyle 5,00,000$ Other Expenses $\displaystyle 35,00,000$ $\displaystyle 20,00,000$ Tax Rate $\displaystyle 50$%

Common size statement of Profit & Loss of X Ltd. for the years ended 31st March, $\displaystyle 2021$ and 31st March, $\displaystyle 2022$ Particulars $\displaystyle 2020$–$\displaystyle 21$ $\displaystyle 2021$–$\displaystyle 22$ % of Revenue % of Revenue (₹) (₹) from Operations from Operations $\displaystyle 2020$–$\displaystyle 21$ $\displaystyle 2021$-$\displaystyle 22$ Revenue from operations $\displaystyle 20,00,000$ $\displaystyle 25,00,000$ $\displaystyle 100$ $\displaystyle 100$ Add other income $\displaystyle 2,00,000$ $\displaystyle 3,00,000$ $\displaystyle 10$ $\displaystyle 12$ Total Revenue $\displaystyle 22,00,000$ $\displaystyle 28,00,000$ $\displaystyle 110$ $\displaystyle 112$ Less Expenses $\displaystyle 1,00,000$ $\displaystyle 3,00,000$ $\displaystyle 5$ $\displaystyle 12$ Profit before Tax $\displaystyle 21,00,000$ $\displaystyle 25,00,000$ $\displaystyle 105$ $\displaystyle 100$ Less Tax @$\displaystyle 50$% $\displaystyle 10,50,000$ $\displaystyle 12,50,000$ $\displaystyle 52.5$ $\displaystyle 50$ Profit after Tax $\displaystyle 10,50,000$ $\displaystyle 12,50,000$ $\displaystyle 52.5$ $\displaystyle 50$ Q. (b) From the following information, prepare a Comparative Statement ………. Ans. Comparative statement of Profit & Loss of Y Ltd. for the 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 $\displaystyle 30,00,000$ $\displaystyle 40,00,000$ $\displaystyle 10,00,000$ $\displaystyle 33$·$\displaystyle 3$ Add other income $\displaystyle 10,00,000$ $\displaystyle 10,00,000$ — — Total Revenue $\displaystyle 40,00,000$ $\displaystyle 50,00,000$ $\displaystyle 10,00,000$ $\displaystyle 25$ Less expenses : Employee benefit expenses $\displaystyle 5,00,000$ $\displaystyle 5,00,000$ — — Other Expenses $\displaystyle 20,00,000$ $\displaystyle 35,00,000$ $\displaystyle 15,00,000$ $\displaystyle 75$ Profit before Tax $\displaystyle 15,00,000$ $\displaystyle 10,00,000$ ($\displaystyle 5,00,000$) ($\displaystyle 33$·$\displaystyle 3$) Less Tax @ $\displaystyle 50$% $\displaystyle 7,50,000$ $\displaystyle 5,00,000$ ($\displaystyle 2,50,000$) ($\displaystyle 33.3$) Profit after Tax $\displaystyle 7,50,000$ $\displaystyle 5,00,000$ ($\displaystyle 2,50,000$) ($\displaystyle 33$·$\displaystyle 3$)