Prepare a Comparative Statement of Profit with the help of the following information Revenue from Operations ₹ 30,00,000
Prepare a Comparative Statement of Profit with the help of the following information:
| Particulars | 31.3.2023 | 31.3.2022 |
| Revenue from Operations | 30,00,000 | 20,00,000 |
| Purchase of Stock-in-Trade | 16,00,000 | 12,00,000 |
| Changes in Inventories | (1,25,000) | 2,50,000 |
| Other Expenses | 10% of Revenue from Operations | 8% of Revenue from Operations |
[Ans. Profit before Tax 2022 ₹ 3,90,000; 2023 ₹ 12,25,000.]
Percentage (%) Change in:
| Revenue from Operations | 50.00 |
| Purchase of Stock-in-Trade | 33.33 |
| Changes in Inventories | (150.00) |
| Other Expenses | 87.50 |
| Total Expenses | 10.25 |
| Profit before Tax | 214.10 |
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