Prepare a Comparative Statement of Profit & Loss from the following: Revenue from Operations ₹ 20,00,000
Prepare a Comparative Statement of Profit & Loss from the following:
| Particulars | 31st March, 2019 | 31st March, 2020 |
| Revenue from Operations | 20,00,000 | 25,00,000 |
| Cost of Material Consumed | 10,00,000 | 13,00,000 |
| Other Expenses | Nil | 1,20,000 |
| Tax Rate | 50% | 50% |
[Ans.:]
| Particulars | Absolute Change | Percentage Change (%) |
| Revenue from Operations | 5,00,000 | 25 |
| Cost of Material Consumed | 3,00,000 | 30 |
| Other Expenses | 1,20,000 | – |
| Profit before Tax | 80,000 | 8 |
| Profit after Tax | 40,000 | 8 |
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