From the following information, prepare Comparative Statement of Profit & Loss Revenue from Operations ₹ 20,00,000
From the following information, prepare Comparative Statement of Profit & Loss:
| Particulars | 31st March, 2024 | 31st March, 2023 |
| Revenue from Operations | 20,00,000 | 16,00,000 |
| Other Income | 4,40,000 | 3,00,000 |
| Cost of Materials Consumed | 8,00,000 | 6,00,000 |
| Changes in Inventories of Finished Goods and Work-in-Progress | 4,00,000 | 2,00,000 |
| Other Expenses (% of Cost of Revenue from Operations) | 15% | 10% |
| Tax Rate | 30% | 30% |
[Ans.: Absolute and Percentage Changes: Revenue from Operations = ₹ 4,00,000; 25%, Other Income = ₹ 1,40,000; 46.67%, Cost of Materials Consumed = ₹ 2,00,000; 33.33%, Change in Inventories of Finished Goods and work in Progress = ₹ 2,00,000;
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