Question

Prepare Comparative Statement of Profit and Loss from the following information:

Particulars	31st March, 2026	31st March, 2025
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%

Answer 1

Comparative Income Statement
for the year ended March 31, 2025 and 2026

Particulars	March 31, 2025 (₹)	March 31, 2026 (₹)	Absolute Change (₹)	Percentage Change (%)
I. Revenue from operations	25,00,000	37,50,000	12,50,000	50.00
II. Other Income	5,00,000	4,50,000	(50,000)	(10.00)
III. Total Revenue (I + II)	30,00,000	42,00,000	12,00,000	40.00
IV. Expenses
a. Cost of Materials Consumed	12,50,000	22,50,000	10,00,000	80.00
b. Other Expenses	2,50,000	3,75,000	1,25,000	50.00
	15,00,000	26,25,000	11,25,000	75.00
Profit before Income Tax	15,00,000	15,75,000	75,000	5.00
Less: Income Tax @ 50%	7,50,000	7,87,500	37,500	5.00
Profit after Income Tax	7,50,000	7,87,500	37,500	5.00