Q. 11 DK Goel Comparative Statements Solutions CBSE (2024-25)

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Solution of Question number 11 of DK Goel Comparative Statements chapter of CBSE Board (2024-25)

From the following information, prepare Comparative Statement of Profit and Loss:

Particulars2021-222020-21
Revenue from Operations8,00,0006,00,000
Cost of material Consumed4,80,0004,50,000
Other Expenses20% of Gross Profit10% of Gross Profit
Income Tax Rate40%40%

[Ans. Profit after Tax 2020-21 ₹ 81,000; 2021-22 ₹ 1,53,600.]

Percentage (%) Change in:

Revenue from Operations33.33
Cost of Material Consumed6.67
Other Expenses326.67
Total Expenses16.99
Profit before and after tax89.63

Solution:-

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