Q. 23 DK Goel Comparative Statements Solutions CBSE (2024-25)

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Solution of Question number 23 of DK Goel Comparative Statements chapter of CBSE Board (2024-25)

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

Particulars31st March
2022
31st March
2021
Revenue from Operations40,00,00030,00,000
Expenses58% Revenue from Operations60% of Revenue from Operations

Interest on investments @ ₹ 2,00,000 and taxes payable @ 50%.

[Ans. Profit after Tax 2021 ₹ 7,00,000; 2022 ₹ 9,40,000.]

Percentage (%) Change in:

Revenue from Operations33.33
Other IncomeNIL
Total Income31.25
Expenses28.89
Profit before and after Tax34.29

Solution:-

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