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From the following information, prepare Comparative Statement of Profit and Loss: Particulars Revenue from Operations, Cost of Materials Consumed, Other Expenses, Income Tax 2024-25 (₹) 8,00,000 - Accounts

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प्रश्न

From the following information, prepare Comparative Statement of Profit and Loss:

Particulars 2024-25
(₹)
2023-24
(₹)
Revenue from Operations 8,00,000 6,00,000
Cost of Materials Consumed 4,80,000 4,50,000
Other Expenses 20% of Gross Profit I 0% of Gross Profit
Income Tax 40% 40%
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उत्तर

Comparative Statement of Profit and Loss
for the years ended 31st March, 2025 and 2024.
Particulars Note No. 2024-25
(₹)
2023-24
(₹)
Absolute Change
(₹)
Percentage Change
(%)
I. Revenue from Operations   8,00,000 6,00,000 2,00,000 33.33
II. Less: Expenses          
(a) Cost of Materials Consumed   4,80,000 4,50,000 30,000 6.67
(b) Other Expenses   64,000 15,000 49,000 326.67
Total Expenses   5,44,000 4,65,000 79,000 16.99
III. Profit before tax (I - II)   2,56,000 1,35,000 1,21,000 89.63
Less: Tax   1,02,400 54,000 48,400 89.63
Profit after tax   1,53,600 81,000 72,600 89.63

Working Note:

1. Calculate Gross Profit for each year: Gross Profit = Revenue from Operations − Cost of Materials Consumed

2024-25 Gross Profit = 8,00,000 − 4,80,000 = ₹ 3,20,000
2023-24 Gross Profit = 6,00,000 − 4,50,000 = ₹ 1,50,000

2. Calculate Other Expenses: 2024-25 Other Expenses = 20% of 3,20,000 = ₹ 64,000
2023-24 Other Expenses = 10% of 1,50,000 = ₹ 15,000

3. Calculate Profit before Tax: Profit before Tax = Gross Profit - Other Expenses

2024-25 Profit before Tax = 3,20,000 − 64,000 = ₹ 2,56,000
2023-24 Profit before Tax = 1,50,000 − 15,000 = ₹ 1,35,000

4. Calculate Income Tax: Income Tax = 40% of Profit before Tax

2024-25 Income Tax = 40% of 2,56,000 = ₹ 1,02,400
2023-24 Income Tax = 40% of 1,35,000 = ₹ 54,000

5. Calculate Profit after Tax: Profit after Tax = Profit before Tax - Income Tax

2024-25 Profit after Tax = 2,56,000 − 1,02,400 = ₹ 1,53,600
2023-24 Profit after Tax = 1,35,000 − 54,000 = ₹ 81,000

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अध्याय 11: Tools for Financial Analysis : Comparative Statements - PRACTICAL QUESTIONS [पृष्ठ ११.२९]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
अध्याय 11 Tools for Financial Analysis : Comparative Statements
PRACTICAL QUESTIONS | Q 10. | पृष्ठ ११.२९
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