From the following information, prepare Comparative Statement of Profit and Loss for the year ended 31st March, $\displaystyle 2023$ : $\displaystyle 2022$ $\displaystyle 23$ $\displaystyle 2021$ $\displaystyle 22$ Particulars (<) (<) Revenue from operations $\displaystyle 4,00,000$ $\displaystyle 2,00,000$ Other income $\displaystyle 80,000$ $\displaystyle 40,000$ Employee benefit expenses $\displaystyle 50$% of Revenue from operations Tax rate $\displaystyle 50$%

OR

Prepare a 'Common Size S tatement of Profit and Loss' of Neurosci Ltd. for the year ended 31st March, $\displaystyle 2023$ from the following information : $\displaystyle 2022$ $\displaystyle 23$ $\displaystyle 2021$ $\displaystyle 22$ Particulars (<) (<) Revenue from operations $\displaystyle 40,00,000$ $\displaystyle 20,00,000$ 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 year ended 31st March $\displaystyle 2023$ Particulars Note $\displaystyle 2021$-$\displaystyle 22$ $\displaystyle 2022$-$\displaystyle 23$ Absolute Percentage No. Increase/ Increase/ Decrease Decrease ₹ ₹ ₹ % 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: Employees Benefit Expenses $\displaystyle 1,00,000$ $\displaystyle 2,00,000$ $\displaystyle 1,00,000$ $\displaystyle 100$ V. Profit before tax (III- IV) $\displaystyle 1,40,000$ $\displaystyle 2,80,000$ $\displaystyle 1,40,000$ $\displaystyle 100$ VI. Less: Tax @ $\displaystyle 50$% $\displaystyle 70,000$ $\displaystyle 1,40,000$ $\displaystyle 70,000$ $\displaystyle 100$ VII. Profit after tax (V- VI) $\displaystyle 70,000$ $\displaystyle 1,40,000$ $\displaystyle 70,000$ $\displaystyle 100$ Q. (b) Prepare a ‘Common Size Statement ………………………. Ans. Common Size Statement of Profit and Loss of Neurosci Ltd. For the year ended 31st March $\displaystyle 2022$ & 31st March $\displaystyle 2023$ Particulars Note Absolute Amounts (₹) % of Revenue from No. Operations $\displaystyle 2021$-$\displaystyle 22$ $\displaystyle 2022$-$\displaystyle 23$ $\displaystyle 2021$-$\displaystyle 22$ $\displaystyle 2022$-$\displaystyle 23$ I. Revenue from Operations $\displaystyle 20,00,000$ $\displaystyle 40,00,000$ $\displaystyle 100$ $\displaystyle 100$ II. Expenses: Purchase of stock $\displaystyle 2,00,000$ $\displaystyle 4,00,000$ $\displaystyle 10$ $\displaystyle 10$ Other expenses $\displaystyle 20,000$ $\displaystyle 40,000$ $\displaystyle 1$ $\displaystyle 1$ III. Profit before tax (I- II) $\displaystyle 17,80,000$ $\displaystyle 35,60,000$ $\displaystyle 89$ $\displaystyle 89$ IV. Less: Tax @ $\displaystyle 50$% $\displaystyle 8,90,000$ $\displaystyle 17,80,000$ $\displaystyle 44.5$ $\displaystyle 44.5$ V. Profit after tax (III- IV) $\displaystyle 8,90,000$ $\displaystyle 17,80,000$ $\displaystyle 44.5$ $\displaystyle 44.5$