Advertisements
Advertisements
Question
Prepare a Comparative Statement of Profit and Loss from the following information:
| Particulars | Note No. | 31.3.2023 (₹) |
31.3.2022 (₹) |
| Revenue from Operations | 10,00,000 | 8,00,000 | |
| Cost of raw materials consumed | 6,20,000 | 4,00,000 | |
| Changes in Inventories of raw materials | 20,000 | (1,00,000) |
Ledger
Advertisements
Solution
| Comparative Statement of Profit & Loss for the years ended 31st March 2023 and 2022 |
|||||
| Particulars | Note No. | 31.3.2023 (₹) |
31.3.2022 (₹) |
Absolute Change (₹) |
Percentage Change (%) |
| I. Revenue from Operations | 10,00,000 | 8,00,000 | 2,00,000 | 25.00 | |
| II. Less: Expenses | |||||
| Cost of raw materials consumed | 6,20,000 | 4,00,000 | 2,20,000 | 55.00 | |
| Changes in Inventories of raw materials | 20,000 | (1,00,000) | 1,20,000 | 120.00 | |
| Total Expenses | 6,40,000 | 3,00,000 | 3,40,000 | 113.33 | |
| III. Profit Before Tax (I − II) | 3,60,000 | 5,00,000 | (1,40,000) | (28.00) | |
shaalaa.com
Is there an error in this question or solution?
