Q. 16 DK Goel Comparative Statements Solutions CBSE (2024-25)

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Solution of Question number 16 of DK Goel Comparative Statements chapter of CBSE Board (2024-25)

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

Particulars2023-242022-23
Revenue from Operations40,00,00050,00,000
Gross Profit50%40%
Other Expenses7,00,00010,00,000
Other Income1,00,0002,00,000

[Ans. Profit before Tax 2023 ₹ 12,00,000; 2024 ₹ 14,00,000.]

Percentage (%) Change in:

Revenue from Operations(20.00)
Other Income(50.00)
Total Income(21.15)
Cost of Revenue from Operations(33.33)
Other Expenses(30.00)
Profit before Tax16.67

Hint: Revenue from Operations – Gross Profit = Cost of Revenue from Operations.

Solution:-

Following is the list of solutions

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