Following particulars are obtained from the books of India Ltd Revenue from Operations ₹ 16,00,000
Following particulars are obtained from the books of India Ltd.:
| 31.03.2023 | 31.03.2024 | |
| Revenue from Operations | 16,00,000 | 20,00,000 |
| Employee Benefit Expenses | 8,00,000 | 10,00,000 |
| Other Expenses | – | 10,00,000 |
| Income Tax | 50% | 50% |
You are required to prepare a Comparative Statement of Profit & Loss.
[Ans. Profit After Tax: 2023 ₹ 4,00,000; 2024 ₹ 4,50,000.]
| Revenue from Operations | 25.00 |
| Employee Benefit Expenses | 25.00 |
| Other Expenses | – |
| Total Expenses | 37.50 |
| Profit before Tax | 12.50 |
| Profit After Tax | 12.50 |
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