Prepare Comparative Statement of Profit & Loss from the following information Revenue from Operations ₹ 37,50,000
Prepare Comparative Statement of Profit & Loss from the following information:
| Particulars | 31st March, 2024 | 31st March, 2023 |
| Revenue from Operations | 37,50,000 | 25,00,000 |
| Other Income | 4,50,000 | 5,00,000 |
| Cost of Materials Consumed | 22,50,000 | 12,50,000 |
| Other Expenses | 3,75,000 | 2,50,000 |
| Tax Rate | 50% | 50% |
[Ans.]
| Particulars | Absolute Change | Percentage Change (%) |
| Revenue from Operations | 12,50,000 | 50.00 |
| Other Income | (50,000) | (10.00) |
| Total Revenue | 12,00,000 | 40.00 |
| Total Expenses | 11,25,000 | 75.00 |
| Profit before Tax | 75,000 | 5.00 |
| Tax | 37,500 | 5.00 |
| Profit after Tax | 37,500 | 5.00 |
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