Prepare a Comparative Statement of Profit & Loss from the following Revenue from Operations ₹ 40,00,000
Prepare a Comparative Statement of Profit & Loss from the following:
| Particulars | 31st March 2022 | 31st March 2021 |
| Revenue from Operations | 40,00,000 | 30,00,000 |
| Expenses | 58% Revenue from Operations | 60% of Revenue from Operations |
Interest on investments @ ₹ 2,00,000 and taxes payable @ 50%.
[Ans. Profit after Tax 2021 ₹ 7,00,000; 2022 ₹ 9,40,000.]
Percentage (%) Change in:
| Revenue from Operations | 33.33 |
| Other Income | NIL |
| Total Income | 31.25 |
| Expenses | 28.89 |
| Profit before and after Tax | 34.29 |
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