Prepare a Comparative Statement of Profit & Loss from the following information Revenue from Operations ₹ 12,50,000
Prepare a Comparative Statement of Profit & Loss from the following information:
| Particulars | 31.03.2023 | 31.03.2022 |
| Revenue from Operations | 12,50,000 | 10,00,000 |
| Purchase of Stock-in-Trade | 7,70,000 | 4,20,000 |
| Change in Inventories | (1,20,000) | 80,000 |
| Other Expenses | 52,000 | 30,000 |
| Other Income | 6,000 | 5,000 |
[Ans. Profit before Tax 2022 ₹ 4,75,000; 2023 ₹ 5,54,000.]
Percentage (%) change in:
| Revenue from Operations | 25.00 |
| Other Income | 20.00 |
| Total Income | 24.98 |
| Purchase of Stock-in-Trade | 83.33 |
| Change in Inventories | (250.00) |
| Other Expenses | 73.33 |
| Profit before Tax | 16.63 |
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