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From the following information, prepare comparative statement of Profit and Loss. Particulars Revenue from operations, Other Income, Cost of materials consumed - Accountancy

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प्रश्न

From the following information, prepare comparative statement of Profit & Loss.

Particulars Note No. 2022-23 (₹) 2021-22 (₹)
Revenue from operations   10,00,000 8,00,000
Other Income   2,20,000 1,50,000
Cost of materials consumed   4,00,000 3,00,000
Change in inventories of finished goods and work in progress   2,00,000 1,00,000
Other Expenses (% of cost of Revenue from Operations)   15% 10%
Tax Rate   30% 30%
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उत्तर

Comparative Statement of Profit & Loss
Particulars 2021-22 (₹) 2022-23 (₹) Absolute Change (in ₹) Proportionate Change (in %)
A. Revenue from operations 8,00,000 10,00,000 2,00,000 25
B. Add: Other Income 1,50,000 2,20,000 70,000 46.67
C. Total Revenue (A + B) 9,50,000 12,20,000 2,70,000 28.42
D. Less: Cost of materials consumed 3,00,000 4,00,000 1,00,000 33.33
Change in inventories of finished goods and work in progress 1,00,000 2,00,000 1,00,000 100
Other Expenses 80,000 1,50,000 70,000 87.5
Total Expenses 4,80,000 7,50,000 2,70,000 56.25
E. Profits before Tax (C - D) 4,70,000 4,70,000 - -
F. Tax Rate 1,41,000 1,41,000 - -
G. Profits after Tax (E - F) 3,29,000 3,29,000 - -
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2023-2024 (March) Analysis of Financial Statements
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