From the following information, prepare a Comparative Statement of Profit & Loss Revenue from Operations ₹ 40,00,000
From the following information, prepare a Comparative Statement of Profit & Loss:
| Particulars | 2023-24 | 2022-23 |
| Revenue from Operations | 40,00,000 | 50,00,000 |
| Gross Profit | 50% | 40% |
| Other Expenses | 7,00,000 | 10,00,000 |
| Other Income | 1,00,000 | 2,00,000 |
[Ans. Profit before Tax 2023 ₹ 12,00,000; 2024 ₹ 14,00,000.]
Percentage (%) Change in:
| Revenue from Operations | (20.00) |
| Other Income | (50.00) |
| Total Income | (21.15) |
| Cost of Revenue from Operations | (33.33) |
| Other Expenses | (30.00) |
| Profit before Tax | 16.67 |
Hint: Revenue from Operations – Gross Profit = Cost of Revenue from Operations.
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