From the following Statement of Profit and Loss of Shikha Ltd., prepare Comparative Statement of Profit and Loss for the year ended 31st March, 2023. Shikha Ltd. Statement of Profit & Loss for the year ended $\displaystyle 31$" March, $\displaystyle 2023$ $\displaystyle 2022$-$\displaystyle 23$ $\displaystyle 2021$-$\displaystyle 22$ Particulars c) c) Revenue from operations $\displaystyle 32,00,000$ $\displaystyle 20,00,000$ Expenses : Employee benefit expenses $\displaystyle 9,60,000$ $\displaystyle 6,00,000$ Other expenses $\displaystyle 6,40,000$ $\displaystyle 4,00,000$ Rate of Tax is $\displaystyle 50$% .

OR

From the following information prepare a Common Size Statement of Profit and Loss of A Ltd. and B Ltd. for the year ended $\displaystyle 313$* March, $\displaystyle 2023$ : Particulars A Ltd. B Ltd. Revenue from operations ($\displaystyle 2$') $\displaystyle 20,00,000$ $\displaystyle 10,00,000$ Other income (?) $\displaystyle 3,00,000$ $\displaystyle 80,000$ Expenses (?) $\displaystyle 10,40,000$ $\displaystyle 4,80,000$ Tax Rate $\displaystyle 40$% $\displaystyle 40$%

Shikha Ltd. Comparative Statement of Profit and Loss for the year ended March $\displaystyle 31$, $\displaystyle 2023$ Particulars $\displaystyle 2021$–$\displaystyle 22$ $\displaystyle 2022$–$\displaystyle 23$ Absolute % (₹) (₹) Increase/ Increase/ Decrease Decrease (₹) I. Revenue from Operations …½ $\displaystyle 20,00,000$ $\displaystyle 32,00,000$ $\displaystyle 12,00,000$ $\displaystyle 60$ II. Expenses: Employee benefit expenses…. ½ $\displaystyle 6,00,000$ $\displaystyle 9,60,000$ $\displaystyle 3,60,000$ $\displaystyle 60$ $\displaystyle 4,00,000$ $\displaystyle 6,40,000$ $\displaystyle 2,40,000$ $\displaystyle 60$ Other expenses ……………. ½ Total Expenses $\displaystyle 10,00,000$ $\displaystyle 16,00,000$ $\displaystyle 6,00,000$ $\displaystyle 60$ III. Profit before Tax (I – II).. $\displaystyle 1$ $\displaystyle 10,00,000$ $\displaystyle 16,00,000$ $\displaystyle 6,00,000$ $\displaystyle 60$ $\displaystyle 5,00,000$ $\displaystyle 8,00,000$ $\displaystyle 3,00,000$ $\displaystyle 60$ IV. Less : Tax @ $\displaystyle 50$% ...... $\displaystyle 1$ $\displaystyle 5,00,000$ $\displaystyle 8,00,000$ $\displaystyle 3,00,000$ $\displaystyle 60$ V. Profit after Tax (III – IV) ½ Q. (b) From the following information….. Ans. A Ltd. and B Ltd. Common Size Statement of Profit and Loss for the year ended 31st March $\displaystyle 2023$ Particulars Absolute Amounts % of Revenue from operations A Ltd. B Ltd. A Ltd. B Ltd. (₹) (₹) (₹) (₹) Revenue from Operations …½ $\displaystyle 20,00,000$ $\displaystyle 10,00,000$ $\displaystyle 100$ $\displaystyle 100$ Other Income ½ $\displaystyle 3,00,000$ $\displaystyle 80,000$ $\displaystyle 15$ $\displaystyle 8$ Total Revenue ½ $\displaystyle 23,00,000$ $\displaystyle 10,80,000$ $\displaystyle 115$ $\displaystyle 108$ Less: Expenses…. ½ $\displaystyle 10,40,000$ $\displaystyle 4,80,000$ $\displaystyle 52$ $\displaystyle 48$ Profit before Tax $\displaystyle 1$ $\displaystyle 12,60,000$ $\displaystyle 6,00,000$ $\displaystyle 63$ $\displaystyle 60$ Less : Tax @ $\displaystyle 40$% ....... ½ $\displaystyle 5,04,000$ $\displaystyle 2,40,000$ $\displaystyle 25.2$ $\displaystyle 24$ Profit after Tax ½ $\displaystyle 7,56,000$ $\displaystyle 3,60,000$ $\displaystyle 37.8$ $\displaystyle 36$ Alternate Answer A Ltd. and B Ltd. Common Size Statement of Profit and Loss for the year ended 31st March $\displaystyle 2023$ Particulars Absolute % of Absolute % of Amounts Revenue Amounts Revenue from from operations operations A Ltd. B Ltd. A Ltd. B Ltd. (₹) (₹) Revenue from Operations …½ $\displaystyle 20,00,000$ $\displaystyle 100$ $\displaystyle 10,00,000$ $\displaystyle 100$ Other Income ½ $\displaystyle 3,00,000$ $\displaystyle 15$ $\displaystyle 80,000$ $\displaystyle 8$ Total Revenue ½ $\displaystyle 23,00,000$ $\displaystyle 115$ $\displaystyle 10,80,000$ $\displaystyle 108$ Less: Expenses…. ½ $\displaystyle 10,40,000$ $\displaystyle 52$ $\displaystyle 4,80,000$ $\displaystyle 48$ $\displaystyle 12,60,000$ $\displaystyle 63$ $\displaystyle 6,00,000$ $\displaystyle 60$ Profit before Tax $\displaystyle 1$ Less : Tax @ $\displaystyle 40$% ....... ½ $\displaystyle 5,04,000$ $\displaystyle 25.2$ $\displaystyle 2,40,000$ $\displaystyle 24$ Profit after Tax ½ $\displaystyle 7,56,000$ $\displaystyle 37.8$ $\displaystyle 3,60,000$ $\displaystyle 36$