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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. |
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| 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
