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Prepare a ‘Comparative Statement of Profit and Loss’ from the following information:

 

Particulars 31st March, 2023 31st March, 2022
Revenue from Operations 200% of Raw Materials Consumed 175% of Raw Materials Consumed
Expenses:    
Cost of Raw Materials Consumed 5,00,000 3,00,000
Other Expenses 5% of Revenue from Operations 5% of Revenue from Operations
Rate of Income Tax 50% of Net Profit before Tax 50% of Net Profit before Tax

 

[Ans. Profit after Tax 2022 ₹ 99,375; 2023 ₹ 2,25,000.]

 

Percentage (%) Change in:

 

Revenue from Operations 90.48
Cost of Materials Consumed 66.67
Other Expenses 90.48
Total Expenses 68.58
Profit before and after Tax 126.42
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