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Question
Following is the Comparative Statement of Profit & Loss of Bharat Ltd.
| 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 (Increase or Decrease) (₹) |
Percentage Change (Increase or Decrease) (%) |
| A | B | A − B = C | `C/B xx 100` = D | ||
| I. Revenue from Operations | 47,95,000 | ?? | 12,95,000 | ?? | |
| II. Add: Other Income | ?? | 1,00,000 | ?? | (35) | |
| Total Income (I + II) | ?? | ?? | ?? | ?? | |
| III. Less: Expenses | 31,50,000 | ?? | ?? | 50 | |
| Profit before Tax | ?? | ?? | 2,10,000 | ?? | |
| Less: Tax | ?? | 3,00,000 | 2,10,000 | ?? | |
| Profit after Tax | ?? | ?? | - | - | |
Ledger
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Solution
| 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 (Increase or Decrease) (₹) |
Percentage Change (Increase or Decrease) (%) |
| A | B | A − B = C | `C/B xx 100` = D | ||
| I. Revenue from Operations | 47,95,000 | 35,00,000 | 12,95,000 | 37 | |
| II. Add: Other Income | 65,000 | 1,00,000 | (35,000) | (35) | |
| Total Income I + II | 48,60,000 | 36,00,000 | 12,60,000 | 35 | |
| III. Less: Expenses | 31,50,000 | 21,00,000 | 10,50,000 | 50 | |
| Profit before Tax | 17,10,000 | 15,00,000 | 2,10,000 | 14 | |
| Less: Tax | 5,10,000 | 3,00,000 | 2,10,000 | 70 | |
| Profit after Tax | 12,00,000 | 12,00,000 | - | - | |
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