From the following particulars obtained from the books of Mark, prepare a Comparative Statement of Profit & Loss:
From the following particulars obtained from the books of Mark, prepare a Comparative Statement of Profit & Loss:
[Ans.:]
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| Revenue from Operations | 50,00,000 | 40,00,000 |
| Purchase of Stock-in-Trade | 40,00,000 | 30,00,000 |
| Changes in Inventory | 10,00,000 | 8,00,000 |
| Other Expenses | 5,00,000 | 4,00,000 |
| Other Incomes | 2,50,000 | 2,00,000 |
| Particulars | Absolute Change (₹) | Percentage Change (%) |
| Revenue from Operations | 10,00,000 | 25 |
| Other Income | 50,000 | 25 |
| Purchase of Stock-in-Trade | 10,00,000 | 33.3 |
| Changes in Inventories of Stock-in-Trade | 2,00,000 | 25 |
| Other Expenses | 1,00,000 | 25 |
| Total Expenses | 13,00,000 | 30.95 |
| Profit after Tax | (2,50,000) | – |
Anurag Pathak Answered question 1 day ago
