Prepare a Comparative Statement of Profit & Loss with the help of following information Revenue from Operations ₹ 20,00,000
Prepare a Comparative Statement of Profit & Loss with the help of following information:
| 2020-21 | 2021-22 | |
| Revenue from Operations | 20,00,000 | 30,00,000 |
| Expenses | 12,00,000 | 21,00,000 |
| Other Incomes | 4,00,000 | 3,60,000 |
| Income Tax | 50% | 50% |
[Ans.] Profit after Tax 2021 ₹ 6,00,000; 2022 ₹ 6,30,000.]
Percentage (%) Change in:
| Revenue from Operations | 50.00 |
| Other Income | (10.00) |
| Total Income | 40.00 |
| Expenses | 75.00 |
| Profit before and after Tax | 5.00 |
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