Prepare a Comparative Statement of Profit & Loss of Ahmed Ltd., with t

1.	Prepare a Comparative Statement of Profit & Loss of Ahmed Ltd., with the help of the following information : Particulars31−03−201831−03−2017(Rs.)(Rs.)Revenue from Operations8,00,0005,00,000Purchase of Stock in Trade4,20,0002,40,000Changes in Inventories80,00060,000Employee Benefit Expenses∗20,00040,000Other Expenses40,00030,000Income Tax50%40% * Employee Benefit Expenses means expenses incurred on employees. It includes expenses such as salaries and wages, contribution to Provident Fund, staff welfare etc.
Answer» Prepare a Comparative Statement of Profit & Loss of Ahmed Ltd., with the help of the following information : $\begin{matrix} Particulars & 31 - 03 - 2018 & 31 - 03 - 2017 (Rs.) & (Rs.) Revenue from Operations & 8, 00, 000 & 5, 00, 000 Purchase of Stock in Trade & 4, 20, 000 & 2, 40, 000 Changes in Inventories & 80, 000 & 60, 000 {Employee Benefit Expenses}^{} & 20, 000 & 40, 000 Other Expenses & 40, 000 & 30, 000 Income Tax & 50 % & 40 % \end{matrix}$ Employee Benefit Expenses means expenses incurred on employees. It includes expenses such as salaries and wages, contribution to Provident Fund, staff welfare etc.

Prepare a Comparative Statement of Profit & Loss of Ahmed Ltd., with the help of the following information : Particulars31−03−201831−03−2017(Rs.)(Rs.)Revenue from Operations8,00,0005,00,000Purchase of Stock in Trade4,20,0002,40,000Changes in Inventories80,00060,000Employee Benefit Expenses∗20,00040,000Other Expenses40,00030,000Income Tax50%40% * Employee Benefit Expenses means expenses incurred on employees. It includes expenses such as salaries and wages, contribution to Provident Fund, staff welfare etc.

Answer»

Prepare a Comparative Statement of Profit & Loss of Ahmed Ltd., with the help of the following information :

$\begin{matrix} Particulars & 31 - 03 - 2018 & 31 - 03 - 2017 (Rs.) & (Rs.) Revenue from Operations & 8, 00, 000 & 5, 00, 000 Purchase of Stock in Trade & 4, 20, 000 & 2, 40, 000 Changes in Inventories & 80, 000 & 60, 000 {Employee Benefit Expenses}^{*} & 20, 000 & 40, 000 Other Expenses & 40, 000 & 30, 000 Income Tax & 50 % & 40 % \end{matrix}$

* Employee Benefit Expenses means expenses incurred on employees. It includes expenses such as salaries and wages, contribution to Provident Fund, staff welfare etc.

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment