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Question
Prepare a Comparative Statement of Profit & Loss from the following:
| Particulars | Note No. | 31st March, 2025 (₹) |
31st March, 2024 (₹) |
| Revenue from Operations | 12,50,000 | 10,00,000 | |
| Cost of Materials Consumed | 7,20,000 | 6,00,000 | |
| Other Expenses | 38,000 | 40,000 |
Interest on investments @ ₹ 50,000 each year.
Ledger
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Solution
| Comparative Statement of Profit and Loss for the years ended March 31, 2025 and 2024. |
|||||
| Particulars | Note No. | 31.3.2025 | 31.3.2024 | Absolute Change (₹) |
Percentage Change (₹) |
| I. Revenue from Operations | 12,50,000 | 10,00,000 | 2,50,000 | 25.00 | |
| II. Add: Other Incomes | 50,000 | 50,000 | - | - | |
| III. Total Income (I + II) | 13,00,000 | 10,50,000 | 2,50,000 | 23.81 | |
| IV. Less: Expenses | |||||
| Cost of Materials Consumed | 7,20,000 | 6,00,000 | 1,20,000 | 20.00 | |
| Other Expenses | 38,000 | 40,000 | (2,000) | (5.00) | |
| Total Expenses | 7,58,000 | 6,40,000 | 1,18,000 | 18.44 | |
| V. Profit after tax | 5,42,000 | 4,10,000 | 1,32,000 | 32.20 | |
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