[DK Goel] Q. 8 Comparative Statements Solutions CBSE (2026-27)
Solution of Question number 8 of DK Goel Comparative Statements chapter of CBSE Board (2026-27)
From the following information provided, prepare Comparative Statement of Profit and Loss for the years ended 31st March 2023 and 2022:
| Particulars | 31st March, 2023 | 31st March, 2022 |
| Revenue from Operations | 9,00,000 | 6,00,000 |
| Cost of Material Consumed | 50% of Revenue from Operations | 60% of Revenue from Operations |
| Other Expenses % (Revenue from Operations – Cost of Material Consumed) | 15% | 20% |
| Income Tax | 50% | 50% |
[Ans. Profit after Tax: 2022 ₹ 96,000; 2023 ₹ 1,91,250]
| Revenue from Operations | 50.00 |
| Cost of Materials Consumed | 25.00 |
| Other Expenses | 40.63 |
| Total Expenses | 26.84 |
| Profit before and after Tax | 99.22 |
Solution:-
