From the following information, prepare Comparative Statement of Profit and Loss Revenue from Operations ₹ 8,00,000
From the following information, prepare Comparative Statement of Profit and Loss:
| Particulars | 2021-22 | 2020-21 |
| Revenue from Operations | 8,00,000 | 6,00,000 |
| Cost of material Consumed | 4,80,000 | 4,50,000 |
| Other Expenses | 20% of Gross Profit | 10% of Gross Profit |
| Income Tax Rate | 40% | 40% |
[Ans. Profit after Tax 2020-21 ₹ 81,000; 2021-22 ₹ 1,53,600.]
Percentage (%) Change in:
| Revenue from Operations | 33.33 |
| Cost of Material Consumed | 6.67 |
| Other Expenses | 326.67 |
| Total Expenses | 16.99 |
| Profit before and after tax | 89.63 |
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