Prepare a Comparative Statement of Profit & Loss from the following information Revenue from Operations ₹ 6,00,000
Prepare a Comparative Statement of Profit & Loss from the following information:
| Particulars | 2021-22 | 2020-21 |
| Revenue from Operations | 6,00,000 | 4,00,000 |
| Cost of Material Consumed | 70% of Revenue from Operations | 60% of Revenue from Operations |
| Indirect Expenses | 20% of Cost of Materials Consumed | 25% of Cost of Materials Consumed |
| Income Tax | 40% of Net Profit before Tax | 40% of Net Profit before Tax |
[Ans. Profit after Tax 2021 ₹ 60,000; 2022 ₹ 57,600.]
Percentage (%) Change in:
| Revenue from Operations | 50.00 |
| Cost of Materials Consumed | 75.00 |
| Other Expenses | 40.00 |
| Total Expenses | 68.00 |
| Profit before and After Tax | (4.00) |
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