Prepare a ‘Comparative Statement of Profit and Loss’ from the following information Revenue from Operations 200% of Raw Materials Consumed
Prepare a ‘Comparative Statement of Profit and Loss’ from the following information:
| Particulars | 31st March, 2023 | 31st March, 2022 |
| Revenue from Operations | 200% of Raw Materials Consumed | 175% of Raw Materials Consumed |
| Expenses: | Â | Â |
| Cost of Raw Materials Consumed | 5,00,000 | 3,00,000 |
| Other Expenses | 5% of Revenue from Operations | 5% of Revenue from Operations |
| Rate of Income Tax | 50% of Net Profit before Tax | 50% of Net Profit before Tax |
[Ans. Profit after Tax 2022 ₹ 99,375; 2023 ₹ 2,25,000.]
Percentage (%) Change in:
| Revenue from Operations | 90.48 |
| Cost of Materials Consumed | 66.67 |
| Other Expenses | 90.48 |
| Total Expenses | 68.58 |
| Profit before and after Tax | 126.42 |
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