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Form and Content of Statement of Profit and Loss Statement of Profit and Loss For The Year Ended

The statement of profit and loss summarizes the company's revenues and expenses for the reporting period. Total revenue was Rs. 1,30,800 which included revenues from operations of Rs. 1,26,740 and other income of Rs. 4,060. Total expenses for the period were Rs. 94,250, resulting in a profit before tax of Rs. 36,550. After accounting for a current tax of Rs. 9,137, the net profit for the period was Rs. 26,863.

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70 views6 pages

Form and Content of Statement of Profit and Loss Statement of Profit and Loss For The Year Ended

The statement of profit and loss summarizes the company's revenues and expenses for the reporting period. Total revenue was Rs. 1,30,800 which included revenues from operations of Rs. 1,26,740 and other income of Rs. 4,060. Total expenses for the period were Rs. 94,250, resulting in a profit before tax of Rs. 36,550. After accounting for a current tax of Rs. 9,137, the net profit for the period was Rs. 26,863.

Uploaded by

SILLA SAIKUMAR
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Form and content of Statement of Profit and Loss

Statement of Profit and Loss for the year ended


Particulars Note No. Figure as Figure as
at the end at the end
of Current of Previous
reporting reporting
period period
I Revenue from operations 1 5,25,100
II Other income 2 3000
III Total Revenue (I+II) 5,28,100
IV Expenses:
Cost of materials consumed 3,63,400
-
Purchases of stock-in-trade
-
Changes in inventories of finished goods
56000
Work-in-progress and stock-in-trade
Employee benefits expense
Finance costs 3,600
Depreciation and amortisation expense 9000
Other expenses 66,100
Total expenses 4,98,100
Profit before extraordinary items and tax 30,000
V (III-IV) 0
Exceptional items 30,000
VI Profit before extraordinary items and tax
VII (V-VI)
Extraordinary items
Profit before tax (VII-VIII)
VIII
IX
X Tax expense: 1000
(1) Current tax
(2) Deferred tax
XI Profit/(Loss) for the period from continuing 29000
operations (IX-X)
XII Profit/(Loss) from discontinuing operations
XIII Tax expense of discontinuing operations
XIV Profit/(Loss) from Discontinuing operations
(after tax) (XII-XIII)
Profit/(Loss) for the period (XI + XIV) 2.9
XV
XVI
Earnings per equity share: NOTE4
(1) Basic
(2) Diluted
NOTE 1 REVENUE FROM OPERATIONS
SALES REVENUE 5,36,800
LESS SALES RETURN 6,700
LESS SALES DISCOUNT 5000
5,25,100
NOTE 2 OTHER INCOMES
INTREST REVENUE 2500
GAIN ON DISPOSAL OF PLANT 500
3000

NOTE 3OTHER EXPENCES


ADVERTISING 12000
UTILITY EXPENSE 18000
FREIGHT 7600
INSURANCE 4500
RENT EXPENCE 24000
66,100

NOTE 4 SHARE = 29000/10,000= 2.9

2
Form and content of Statement of Profit and Loss
Statement of Profit and Loss for the year ended
Particulars Note Figure Figure
No. as as
at the at the
end of end of
Current Previous
reporting reporting
period period
I Revenue from operations NOTE 1 31,62,000
II Other income
31,62,000
III Total Revenue (I+II)
IV Expenses: 24,33,000
Cost of materials consumed NOTE
Purchases of stock-in-trade 2
Changes in inventories of finished
2,40,000
goods Work-in-progress and stock-
in-trade Employee benefits expense 64,000
Finance costs 78,000
Depreciation and amortisation 1,77,000
expense
Other expenses
NOTE3 29,92,000
1,70,000
V Total expenses 0
Profit before extraordinary items and 1,70,000
V tax (III-IV) 0
I Exceptional items
VI Profit before extraordinary items and
I tax (V-VI)
Extraordinary items
VII Profit before tax (VII-
I VIII)
I
X
X Tax expense: 51,000
(1) Current tax
(2) Deferred tax
XI (3) 1,19,000
Profit/(Loss) for the period from
XII continuing operations (IX-X)
XIII Profit/(Loss) from discontinuing
XIV operations Tax expense of
discontinuing operations Profit/(Loss)
XV from Discontinuing operations (after
XVI tax) (XII-XIII)
Profit/(Loss) for the period (XI + XIV)
Earnings per equity share:
(1) Basic
(2) Diluted

PARTICULARS AMOUNT
NOTE:1 REVENUE OPENING 256000
INVENTORY
ADD PURCHSES 2425000
LESS CLOSING 248000
INVENTORY
TOTAL 24,33,000
NOTE :2 MATERIALS
particulars Amount
Gross sales 3210000
PARTICULARS AMOUNT
Less: returns 48000
31,62,000
ADVERTISEMEN 68000
T EXPENCES
LEASE 52000
REPAIRS 22000
R AND D 35000
TOTAL 1,77,000

3
Form and content of Statement of Profit and Loss
Statement of Profit and Loss for the year ended
Particulars Note No. Figure as Figure as
at the end at the end
of Current of Previous
reporting reporting
period period
I Revenue from operations NOTE1 1,26,740
II Other income NOTE2 4060
1,30,800
III Total Revenue (I+II)
IV Expenses: NOTE3 67,810
Cost of materials consumed
Purchases of stock-in-trade
Changes in inventories of finished goods
23,480
Work-in-progress and stock-in-trade
Employee benefits expense 930
Finance costs
Depreciation and amortisation expense NOTE4
Other expenses 32030
Total expenses 94,250
V Profit before extraordinary items and tax 36,550
(III-IV) 0
VI Exceptional items 36,550
VII Profit before extraordinary items and tax 0
(V-VI) 36,550
VIII Extraordinary items
IX Profit before tax (VII-VIII)

X Tax expense: TAX 25% 9,137


(4) Current tax
(5) Deferred tax
XI Profit/(Loss) for the period from continuing 26,863
operations (IX-X)
XII Profit/(Loss) from discontinuing operations
XIII Tax expense of discontinuing operations
XIV Profit/(Loss) from Discontinuing operations
(after tax) (XII-XIII)
XV Profit/(Loss) for the period (XI + XIV)
XVI Earnings per equity share:
(3) Basic
(4) Diluted

NOTE 1 REVENUE FROM OPERATIONS


SALES 1,37460
RETURNS 6700
SALES DISCOUNT 5190
SALES COMISSION 3470
TOTAL 1,26,740

NOTE 2 OTHER INCOMES


OTHER INCOMES 1200
GAINS ON SALE OF EQIPMENT 2430
INTREST REVENUE 430
4060
NOTE 3 COST OF MATERIAL CONSUMED
PURCHASES 67,310
ADD OPENING STOCK 12,300
ADD RETURNS 1000
ADD PURCHASE DISCOUNT 3900
LESSS CLOSIG STOCK 16700
67,810
NOTE 4 OTHER EXPENCES
FREINGHT IN 4450
FREIGHT OUT 6150
ADVERTISING 5790
RENT 14000
LOSS ON SAALE 1640
32030

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