Prepare Common Size Income Statement for the year ended $\displaystyle 3$ 1st March, $\displaystyle 2021$ from the following information : Particulars $\displaystyle 2020$-$\displaystyle 21$ $\displaystyle 2019$-$\displaystyle 20$ () ($\displaystyle 5$) Revenue from operations $\displaystyle 10,00,000$ $\displaystyle 5,00,000$ Other Income $\displaystyle 1,00,000$ $\displaystyle 50,000$ Expenses $\displaystyle 2,00,000$ $\displaystyle 1,00,000$ Income Tax @ $\displaystyle 400$ $\displaystyle 0$

OR

Prepare Comparative Statement of Profit and Loss for the year ended 31st March, $\displaystyle 2021$ from the following information : Particulars $\displaystyle 2020$-$\displaystyle 21$ $\displaystyle 2019$-$\displaystyle 20$ Q) Q) Revenue from operations $\displaystyle 75,00,000$ $\displaystyle 60,00,000$ Expenses $\displaystyle 50,00,000$ $\displaystyle 40,00,000$ Income Tax @ $\displaystyle 400$ $\displaystyle 0$

Common Size Income Statement for the year ended 31st March, $\displaystyle 2021$ Absolute amounts Percentage of Revenue from operations Particulars $\displaystyle 2019$–$\displaystyle 20$ $\displaystyle 2020$–$\displaystyle 21$ $\displaystyle 2019$–$\displaystyle 20$ $\displaystyle 2020$–$\displaystyle 21$ (₹) (₹) (%) (%) Revenue from Operations $\displaystyle 5,00,000$ $\displaystyle 10,00,000$ $\displaystyle 100$ $\displaystyle 100$ Add : Other Income $\displaystyle 50,000$ $\displaystyle 1,00,000$ $\displaystyle 10$ $\displaystyle 10$ Total Revenue $\displaystyle 5,50,000$ $\displaystyle 11,00,000$ $\displaystyle 110$ $\displaystyle 110$ Less : Expenses $\displaystyle 1,00,000$ $\displaystyle 2,00,000$ $\displaystyle 20$ $\displaystyle 20$ Profit Before tax $\displaystyle 4,50,000$ $\displaystyle 9,00,000$ $\displaystyle 90$ $\displaystyle 90$ Less : Income tax $\displaystyle 1,80,000$ $\displaystyle 3,60,000$ $\displaystyle 36$ $\displaystyle 36$ Profit after tax $\displaystyle 2,70,000$ $\displaystyle 5,40,000$ $\displaystyle 54$ $\displaystyle 54$ Comparative Income Statement for the year ended 31st March $\displaystyle 2021$ Particulars $\displaystyle 2019$–$\displaystyle 20$ $\displaystyle 2020$–$\displaystyle 21$ Absolute % (₹) (₹) Change Change (₹) Revenue from Operations $\displaystyle 60,00,000$ $\displaystyle 75,00,000$ $\displaystyle 15,00,000$ $\displaystyle 25$ Less: Expenses $\displaystyle 40,00,000$ $\displaystyle 50,00,000$ $\displaystyle 10,00,000$ $\displaystyle 25$ Profit Before tax $\displaystyle 20,00,000$ $\displaystyle 25,00,000$ $\displaystyle 5,00,000$ $\displaystyle 25$ Less: Tax $\displaystyle 8,00,000$ $\displaystyle 10,00,000$ $\displaystyle 2,00,000$ $\displaystyle 25$ Profit after tax $\displaystyle 12,00,000$ $\displaystyle 15,00,000$ $\displaystyle 3,00,000$ $\displaystyle 25$