From the following information provided, prepare Comparative Statement of Profit and Loss for the years ended 31st March 2023 and 202
From the following information provided, prepare Comparative Statement of Profit and Loss for the years ended 31st March 2023 and 2022:
| Particulars | 31st March, 2023 | 31st March, 2022 |
| Revenue from Operations | 9,00,000 | 6,00,000 |
| Cost of Material Consumed | 50% of Revenue from Operations | 60% of Revenue from Operations |
| Other Expenses % (Revenue from Operations – Cost of Material Consumed) | 15% | 20% |
| Income Tax | 50% | 50% |
[Ans. Profit after Tax: 2022 ₹ 96,000; 2023 ₹ 1,91,250]
| Revenue from Operations | 50.00 |
| Cost of Materials Consumed | 25.00 |
| Other Expenses | 40.63 |
| Total Expenses | 26.84 |
| Profit before and after Tax | 99.22 |
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