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Question
From the following particulars obtained from the books of Mark, prepare a Comparative Statement of Profit & Loss:
| Particulars | Note No. | 31st March, 2026 (₹) | 31st March, 2025 (₹) |
| Revenue from Operations | 50,00,000 | 40,00,000 | |
| Purchase of Stock-in-Trade | 40,00,000 | 30,00,000 | |
| Changes in Inventory | 10,00,000 | 8,00,000 | |
| Other Expenses | 5,00,000 | 4,00,000 | |
| Other Incomes | 2,50,000 | 2,00,000 |
Ledger
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Solution
| Comparative Statement of Profit & Loss of Mark (For the years ended 31st March 2025 and 31st March 2026) |
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| Particulars | Note No. | 31st March, 2025 (₹) (A) |
31st March, 2026 (₹) (B) |
Absolute Change (₹) (C = B - A) |
Percentage Change (%) (D = $\frac{C}{A} \times 100$) |
| I. Revenue from Operations | 40,00,000 | 50,00,000 | 10,00,000 | 25.00% | |
| II. Add: Other Incomes | 2,00,000 | 2,50,000 | 50,00,000 | 25.00% | |
| III. Total Revenue (I + II) | 42,00,000 | 52,50,000 | 10,50,000 | 25.00% | |
| IV. Less: Expenses | |||||
| (a) Purchase of Stock-in-Trade | 30,00,000 | 40,00,000 | 10,00,000 | 33.33% | |
| (b) Changes in Inventory | 8,00,000 | 10,00,000 | 2,00,000 | 25.00% | |
| (c) Other Expenses | 4,00,000 | 5,00,000 | 1,00,000 | 25.00% | |
| Total Expenses (IV) | 42,00,000 | 55,00,000 | 13,00,000 | 30.95% | |
| V. Net Profit / (Loss) before Tax (III - IV) | 0 | (2,50,000) | (2,50,000) | -- | |
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