From the following ‘Statement of Profit & Loss’ of Fenox Ltd. for the years ended 31st March, 2023 and 2022 prepare a ‘Comparative Statement of Profit & Loss’:
From the following ‘Statement of Profit & Loss’ of Fenox Ltd. for the years ended 31st March, 2023 and 2022 prepare a ‘Comparative Statement of Profit & Loss’:
| Particulars | 2022-23 ₹ | 2021-22 ₹ |
| Revenue from Operations | 8,00,000 | 6,00,000 |
| Other Incomes | 1,00,000 | 50,000 |
| Expenses | 5,00,000 | 4,00,000 |
Rate of Income Tax was 40%.
[Ans. Profit after Tax 2022 ₹ 1,50,000 and 2023 ₹ 2,40,000]
Percentage (%) Change in:
| Revenue from Operations | 33.33 |
| Other Income | 100 |
| Total Income | 38.46 |
| Expenses | 25 |
| Profit before and after Tax | 60 |
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