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  • Profit and loss analysis 2017-2019

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    Richu Biju
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    The profit and loss statement and balance sheet for the years ending 2017 and 2018 show an increase in sales from Rs. 135,000 to Rs. 147,500. Gross profit increased from Rs. 57,500 to Rs. 87,000. Total assets increased from Rs. 188,8000 to Rs. 226,5500. The income statement for the years ending 2018 and 2019 show an increase in sales from Rs. 434,000 to Rs. 500,000. Gross profit increased from Rs. 183,000 to Rs. 240,600. Total assets increased from Rs. 453,600 to Rs. 579,000.

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    Common size and comparative statements

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    The profit and loss statement and balance sheet for the years ending 2017 and 2018 show an increase in sales from Rs. 135,000 to Rs. 147,500. Gross profit increased from Rs. 57,500 to Rs. 87,000. Total assets increased from Rs. 188,8000 to Rs. 226,5500. The income statement for the years ending 2018 and 2019 show an increase in sales from Rs. 434,000 to Rs. 500,000. Gross profit increased from Rs. 183,000 to Rs. 240,600. Total assets increased from Rs. 453,600 to Rs. 579,000.

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    21 views6 pages

    Profit and loss analysis 2017-2019

    Uploaded by

    Richu Biju
    The profit and loss statement and balance sheet for the years ending 2017 and 2018 show an increase in sales from Rs. 135,000 to Rs. 147,500. Gross profit increased from Rs. 57,500 to Rs. 87,000. Total assets increased from Rs. 188,8000 to Rs. 226,5500. The income statement for the years ending 2018 and 2019 show an increase in sales from Rs. 434,000 to Rs. 500,000. Gross profit increased from Rs. 183,000 to Rs. 240,600. Total assets increased from Rs. 453,600 to Rs. 579,000.

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    Profit and loss and Balance Sheet fo the year ending 31st March 2017 and 2018

    Particulars 2017 2018 Particulars 2017 2018


    Opening stock 30000 13000 sales less returns 135000 147500
    Purchases 56000 75000 Closing stock 13000 35500
    Wages 3000 4500
    Power 1500 3500
    Gross Profit 57500 87000
    148000 183000 148000 183000
    Rent 1500 2000 Gross Profit 57500 87000
    Telegram and Postage 340 400 Discount 1500
    Salary 2300 2500
    Insurance 2560 3200
    Repair and Renewals 1456 2000
    Trade expenses 3400 4500
    Commission 1000 1250
    Travelling expenses 1000 1230
    Interest on loan 3500 5500
    Depreciation machine 5000 6000
    Depreciation on building 12000 15300
    Corporate Taxes 1000 1200
    Net Profit 22444 21020
    57500 67100 57500 67100

    Liabilities 2017 2018 Assets 2017 2018


    Equity Capital 300000 300000 Plant and Machinery 130000 141320
    General reserves 35000 50000 Land and Buildings 250000 248680
    Preference capital 1050000 1200000 Furniture and fixtures 1200000 1500000
    Debentures 300000 500000 Cash in hand 150000 200000
    Loan 116000 115500 Debtors 70000 75000
    Creditors 45000 50000 Investment 67000 65000
    Bills payable 34000 50000 Stock 13000 35500

    1880000 2265500 1880000 2265500


    0
    Income statement for the year ended 2018 and 2019
    Particulars 2018 2019 Particulars 2018 2019
    Opening stock 40000 35000 Sales 434000 500000
    Purchases 152000 168000 Closing stock 35000 45000
    Carriage inwards 7200 8000
    Lighting (factory) 2800 3400
    Wages 84000 90000
    Gross Profit 183000 240600
    469000 545000 469000 545000

    Insurance 3000 3000 Gross Profit 183000 240600


    General expenses 29000 32000
    Rent 14400 16000
    Travelling expenses 7400 8000
    Salary 53000 57000
    Corporate taxes 10000 12000
    Net profit 66200 112600
    183000 240600 183000 240600

    Liabilities 2018 2019 Assets 2018 2019


    Capital 300000 400000 Plant and Machinery 180000 200000
    Debentures 100000 120000 Furniture 117000 200000
    Bills payable 3600 12000 Sundry debtors 104000 98000
    Creditors 50000 47000 Bills receivable 5000 6000
    Cash in hand 12600 30000
    Closing stock 35000 45000
    453600 579000 453600 579000
    Current Year Absolute
    Paticulars Previous year values values Increase/Decrease
    % of
    Increse/Decrease
    Previous Year Current Year
    Particulars Amount (Rs) % Amount (Rs) %

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