Q. 13 DK Goel Comparative Statements Solutions CBSE (2024-25)

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Solution of Question number 13 of DK Goel Comparative Statements chapter of CBSE Board (2024-25)

Prepare a Comparative Statement of Profit & Loss from the following information:

Particulars31.03.202331.03.2022
Revenue from Operations12,50,00010,00,000
Purchase of Stock-in-Trade7,70,0004,20,000
Change in Inventories(1,20,000)80,000
Other Expenses52,00030,000
Other Income6,0005,000

[Ans. Profit before Tax 2022 ₹ 4,75,000; 2023 ₹ 5,54,000.]

Percentage (%) change in:

Revenue from Operations25.00
Other Income20.00
Total Income24.98
Purchase of Stock-in-Trade83.33
Change in Inventories(250.00)
Other Expenses73.33
Profit before Tax16.63

Solution:-

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