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Prepare a Comparative Statement of Profit & Loss from the following information:

 

Particulars 2021-22 2020-21
Revenue from Operations 6,00,000 4,00,000
Cost of Material Consumed 70% of Revenue from Operations 60% of Revenue from Operations
Indirect Expenses 20% of Cost of Materials Consumed 25% of Cost of Materials Consumed
Income Tax 40% of Net Profit before Tax 40% of Net Profit before Tax

 

[Ans. Profit after Tax 2021 ₹ 60,000; 2022 ₹ 57,600.]

 

Percentage (%) Change in:

 

Revenue from Operations 50.00
Cost of Materials Consumed 75.00
Other Expenses 40.00
Total Expenses 68.00
Profit before and After Tax (4.00)
Anurag Pathak Changed status to publish January 20, 2025
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