Prepare a Comparative Statement of Profit and Loss from the following Revenue from Operations ₹ 10,00,000 Gross Profit 40%
Prepare a Comparative Statement of Profit and Loss from the following:
| Particulars | 31st March, 2023 | 31st March, 2024 |
| Revenue from Operations | 10,00,000 | 15,00,000 |
| Gross Profit | 40% | 30% |
| other Expenses | 2,00,000 | 1,50,000 |
| Tax Rate | 40% | 30% |
[Ans. Profit After Tax: 2023 ₹ 1,20,000; 2024 ₹ 2,10,000.]
Percentage (%) Change in:
| Revenue from Operations | 50.00 |
| Cost of Revenue from Operations | 75.00 |
| Other Expenses | (25.00) |
| Total Expenses | 50.00 |
| Profit before and after Tax | 75.00 |
Hint:
(i) Revenue from Operations – Gross Profit = Cost of Revenue from Operations
(ii) Gross Profit will not be shown
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