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Question
Take a few imaginary figures and prepare a comparative statement of profit & loss for two years.
Ledger
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Solution
| COMPARATIVE STATEMENT OF PROFIT & LOSS for the years ended 31st March 2025 and 2024. |
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| Particulars | Note No. | 2024-25 (₹) |
2023-24 (₹) |
Absolute Change (Increase/Decrease) (₹) |
Percentage (Increase/Decrease) (%) |
| A | B | (A − B) = C | `C/Bxx100` = D | ||
| I. Revenue from Operations | 12,50,000 | 10,00,000 | 2,50,000 | 25.00 | |
| II. Add: Other Incomes | 30,000 | 30,000 | - | - | |
| III. Total Income I + II | 12,80,000 | 10,30,000 | 2,50,000 | 24.27 | |
| IV. Less: Expenses | |||||
| Cost of Materials Consumed | 6,75,000 | 5,40,000 | 1,35,000 | 25.00 | |
| Finance Cost | - | 10,000 | (10,000) | (100) | |
| Other Expenses | 35,000 | - | 35,000 | - | |
| Total Expenses | 7,10,000 | 5,50,000 | 1,60,000 | 29.09 | |
| V. Profit before Tax (III − IV) | 5,70,000 | 4,80,000 | 90,000 | 18.75 | |
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