From the following information, prepare Comparative statement of Profit and Loss for the year ended $\displaystyle 31$=' March 2021. Partieulars $\displaystyle 2020$-$\displaystyle 21$ $\displaystyle 2019$-$\displaystyle 20$ $\displaystyle 1$ $\displaystyle 2$ Revenue from Operations $\displaystyle 4,00,000$ $\displaystyle 2,00,000$ Other Income $\displaystyle 80,000$ $\displaystyle 40,000$ Expenses - $\displaystyle 50$% of Revenue from operations Tax Rate $\displaystyle 50$%

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Prepare a 'Common Size statement of Profit and Loss' of Birla Ltd. for the year ended $\displaystyle 3318$* March, $\displaystyle 2021$ from the following information : $\displaystyle 2020$-$\displaystyle 21$ $\displaystyle 2019$-$\displaystyle 20$ Particulars Cr) Cr) Revenue from Operations $\displaystyle 20,00,000$ $\displaystyle 10,00,000$ Purchase of stock in trade $\displaystyle 4,00,000$ $\displaystyle 2,00,000$ Other expenses $\displaystyle 40,000$ $\displaystyle 20,000$ Tax Rate @ $\displaystyle 50$%

Comparative Statement of Profit and Loss for the years ended March $\displaystyle 31$, $\displaystyle 2021$ Particulars $\displaystyle 2019$–$\displaystyle 20$ $\displaystyle 2020$–$\displaystyle 21$ Absolute % Change Change (₹) (₹) (₹) I Revenue from Operations $\displaystyle 2,00,000$ $\displaystyle 4,00,000$ $\displaystyle 2,00,000$ $\displaystyle 100$ II Other Income $\displaystyle 40,000$ $\displaystyle 80,000$ $\displaystyle 40,000$ $\displaystyle 100$ III Total Revenue (I+II) $\displaystyle 2,40,000$ $\displaystyle 4,80,000$ $\displaystyle 2,40,000$ $\displaystyle 100$ IV Expenses $\displaystyle 1,00,000$ $\displaystyle 2,00,000$ $\displaystyle 1,00,000$ $\displaystyle 100$ V Profit before Tax $\displaystyle 1,40,000$ $\displaystyle 2,80,000$ $\displaystyle 1,40,000$ $\displaystyle 100$ VI Less: Tax @$\displaystyle 50$% $\displaystyle 70,000$ $\displaystyle 1,40,000$ $\displaystyle 70,000$ $\displaystyle 100$ VII Profit After Tax $\displaystyle 70,000$ $\displaystyle 1,40,000$ $\displaystyle 70,000$ $\displaystyle 100$ Q. Prepare a ‘ Common Size Statement of Profit and Loss’…….. Ans. Common Size Statement of Profit and Loss of Birla Ltd For the years ended on March $\displaystyle 31$, $\displaystyle 2020$ and $\displaystyle 2021$ Particulars Absolute Absolute % of Revenue % of Revenue Amounts Amounts from from Operations Operation 31st March, 31st March, $\displaystyle 2020$ $\displaystyle 2021$ 31st March, 31st March, (₹) (₹) $\displaystyle 2020$ $\displaystyle 2021$ Revenue from $\displaystyle 10,00,000$ $\displaystyle 20,00,000$ $\displaystyle 100$ $\displaystyle 100$ Operations Less : Expenses $\displaystyle 2,00,000$ $\displaystyle 4,00,000$ $\displaystyle 20$ $\displaystyle 20$ Purchase of stock- in-trade Other Expenses $\displaystyle 20,000$ $\displaystyle 40,000$ $\displaystyle 2$ $\displaystyle 2$ Total Expenses $\displaystyle 2,20,000$ $\displaystyle 4,40,000$ $\displaystyle 22$ $\displaystyle 22$ Profit before Tax $\displaystyle 7,80,000$ $\displaystyle 15,60,000$ $\displaystyle 78$ $\displaystyle 78$ Less : Tax @ $\displaystyle 50$% $\displaystyle 3,90,000$ $\displaystyle 7,80,000$ $\displaystyle 39$ $\displaystyle 39$ Profit after Tax $\displaystyle 3,90,000$ $\displaystyle 7,80,000$ $\displaystyle 39$ $\displaystyle 39$