From the following information, prepare Comparative Statement of Profit & Loss. Showing increase decrease and percentage:
From the following information, prepare Comparative Statement of Profit & Loss. Showing increase decrease and percentage:
| Particulars | 31st March, 2024 | 31st March, 2023 |
| Cost of Materials Consumed | 13,44,000 | 6,00,000 |
| Revenue from Operations (% of Materials Consumed) | 125% | 200% |
| Other Expenses (% of Operating Revenue) | 10% | 10% |
| Tax Rate | 50% | 50% |
[Ans.]
| Particulars | Absolute Change (₹) | Percentage Change (%) |
| Revenue from Operations | 4,80,000 | 40.00 |
| Total Expenses | 7,92,000 | 110.00 |
| Profit before Tax | (3,12,000) | (65.00) |
| Tax | (1,56,000) | (65.00) |
| Profit after Tax | (1,56,000) | (65.00) |
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