0
0 Comments

With the help of the following information prepare a Comparative Statement of Profit & Loss of Gopal Ltd.

 

Particulars 31.03.2021 31.03.2022
Revenue from Operations 5,00,000 8,00,000
Cost of Material Consumed 60% of Revenue from Operations 70% of Revenue from Operations
Other Expenses 20,000 24,000
Rate of Income Tax 50% of net profit before tax 50% of net profit before tax

 

[Ans. Profit after Tax 2021 ₹ 90,000; 2022 ₹ 1,08,000.]

 

Revenue from Operations 60.00
Cost of Material Consumed 86.67
Other Expenses 20.00
Profit before and after tax 20.00
Anurag Pathak Changed status to publish January 20, 2025
Add a Comment