Prepare a Comparative Statement of Profit & Loss from the following Revenue from Operations ₹ 12,50,000 Cost of Materials Consumed ₹ 7,20,000
Prepare a Comparative Statement of Profit & Loss from the following:
| Particulars | 31st March, 2022 | 31st March, 2021 |
| Revenue from Operations | 12,50,000 | 10,00,000 |
| Cost of Materials Consumed | 7,20,000 | 6,00,000 |
| Other Expenses | 38,000 | 40,000 |
Interest on investments @ ₹ 50,000 each year.
[Ans. Profit before Tax 2021 ₹ 4,10,000; 2022 ₹ 5,42,000.]
Percentage (%) change in:
| Revenue from Operations | 25.00 |
| Other Income | – |
| Total Income | 23.81 |
| Cost of Materials Consumed | 20.00 |
| Other Expenses | (5.00) |
| Profit before Tax | 32.20 |
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