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From the information extracted from the Statement of Profit and Loss prepare a Comparative Statement of Profit and Loss for the year ended 31st March, 2021: - Accountancy

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प्रश्न

From the information extracted from the Statement of Profit and Loss prepare a Comparative Statement of Profit and Loss for the year ended 31st March, 2021:

Particulars 2020 - 21 (₹) 2019 - 20 (₹)
Revenue from operations 7,20,000 4,00,000
Expenses 5,00,000 2,00,000
Tax Rate @ 50%    
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उत्तर

In the books of.....
Comparative Statement of Profit & Loss
For the years ended 31st March 2020 and 2021
Particulars 2019-20 (₹) 2020-21 (₹) Absolute Change
(₹)
Percentage
Change
(%)
Revenue from Operations 4,00,000 7,20,000 3,20,000 80
Add: Other Income - -    
Total Revenue 4,00,000 7,20,000 3,20,000 80
Less: Expenses 2,00,000 5,00,000 3,00,000 150
Profit before tax 2,00,000 2,20,000 20,000 10
Less: Tax @ 50% 1,00,000 1,10,000 10,000 10
Profit After Tax 1,00,000 1,10,000 10,000 10
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2021-2022 (March) Term 2 - Delhi Set 1
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