From the following Statement of profit and loss of the Sakhi Ltd. for the years ended 31st March 2021 and 2022, prepare Comparative Statement of Profit & Loss.
From the following Statement of profit and loss of the Sakhi Ltd. for the years ended 31st March 2021 and 2022, prepare Comparative Statement of Profit & Loss
Statement of Profit & Loss for years ended 31st March 2021 & 2022
| Particulars | 2020-21 | 2021-22 |
| Revenue from Operations | 25,00,000 | 40,00,000 |
| Expenses: | Â | Â |
| (a) Employee Benefit Expenses were 5% of Revenue from Operations | Â | Â |
| (b) Other Expenses | 5,90,000 | 6,80,000 |
| Rate of Tax 35% | Â | Â |
[Ans. Profit after Tax 2020-21 ₹ 11,60,250; 2021-22 ₹ 20,28,000
Percentage (%) Change in
| Revenue from Operations | 60.00 |
| Employee Benefit Expenses | 60.00 |
| Other Expenses | 15.25 |
| Total Expenses | 23.08 |
| Profit before and after Tax | 74.79 |
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