Prepare a Comparative Statement of Profit & Loss with the help of the following information Revenue from Operations ₹ 10,00,000
Prepare a Comparative Statement of Profit & Loss with the help of the following information:
| Particulars | 31.03.2023 | 31.03.2022 |
| Revenue from Operations | 10,00,000 | 8,00,000 |
| Gross Profit | 30% | 25% |
| Employee Benefit Expenses | 30,000 | 40,000 |
| Other Expenses | 50,000 | 10,000 |
| Income Tax | 40% | 40% |
[Ans. Profit after Tax 2022 ₹ 90,000; 2023 ₹ 1,32,000.]
Percentage (%) change in:
| Revenue from Operations | 25.00 |
| Cost of Revenue from Operations | 16.67 |
| Employee Benefit Expenses | (25.00) |
| Other Expenses | 20.00 |
| Profit before and After Tax | 46.67 |
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