Q. 27 DK Goel Comparative Statements Solutions CBSE (2024-25)

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Solution of Question number 27 of DK Goel Comparative Statements chapter of CBSE Board (2024-25)

From the following ‘Statement of Profit & Loss’ of Fenox Ltd. for the years ended 31st March, 2023 and 2022 prepare a ‘Comparative Statement of Profit & Loss’:

Particulars2022-23
2021-22
Revenue from Operations8,00,0006,00,000
Other Incomes1,00,00050,000
Expenses5,00,0004,00,000

Rate of Income Tax was 40%.

[Ans. Profit after Tax 2022 ₹ 1,50,000 and 2023 ₹ 2,40,000]

Percentage (%) Change in:

Revenue from Operations33.33
Other Income100
Total Income38.46
Expenses25
Profit before and after Tax60

Solution:-

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