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Prepare Comparative Statement of Profit & Loss from the following Statement of Profit & Loss:

 

Particulars Note. No. 31st March, 2024 (₹) 31st March, 2023 (₹)
I. Income      
Revenue from Operations (Net Sales)   3,50,000 3,00,000
II. Expenses      
Purchases of Stock-in-Trade   2,10,000 1,80,000
Change in Inventories of Stock-in-Trade   15,000 20,000
Employees Benefit Expenses   17,500 15,000
Other Expenses   7,500 5,000
Total   2,50,000 2,20,000
III. Profit before Tax (I-II)   1,00,000 80,000
IV. Tax   30,000 24,000
V. Profit after Tax (III – IV)   70,000 56,000

 

[Ans.:]

 

Particulars Absolut Change (₹) Percentage Change (%)
Revenue from Operations 50,000 16,67
Purchase of Stock-in-Trade 30,000 16.67
Change in inventories of Stock-in-Trade (5,000) (25.00)
Employees Benefit Expenses 2,500 16.67
Other Expenses 2,500 50.00
Profit before Tax 20,000 25.00
Tax 6,000 25.00
Profit after Tax 14,000 25.00
Anurag Pathak Changed status to publish January 14, 2025
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