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Question
Prepare Comparative Statement of Profit & Loss from the following:
| Particulars | 31st March, 2019 | 31st March, 2020 |
| Revenue from Operations | ₹ 20,00,000 | ₹ 25,00,000 |
| Cost of Material Consumed | ₹ 10,00,000 | ₹ 13,00,000 |
| Other Expenses | NIL | 1,20,000 |
| Tax Rate | 50% | 50% |
Ledger
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Solution
| Comparative Statement of Profit & Loss (For the years ended 31st March 2019 and 31st March 2020) |
||||
| Particulars | 31st March, 2019 (A) |
31st March, 2020 (B) |
Absolute Change (C = B - A) |
Percentage Change (D = $\frac{C}{A} \times 100$) |
| I. Revenue from Operations | 20,00,000 | 25,00,000 | 5,00,000 | 25.00% |
| II. Expenses: | ||||
| (a) Cost of Material Consumed | 10,00,000 | 13,00,000 | 3,00,000 | 30.00% |
| (b) Other Expenses | 0 | 1,20,000 | 1,20,000 | -- |
| Total Expenses (II) | 10,00,000 | 14,20,000 | 4,20,000 | 42.00% |
| III. Profit before Tax (I - II) | 10,00,000 | 10,80,000 | 80,000 | 8.00% |
| IV. Less: Tax @ 50% | 5,00,000 | 5,40,000 | 40,000 | 8.00% |
| V. Profit after Tax (III - IV) | 5,00,000 | 5,40,000 | 40,000 | 8.00% |
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