Q. 31 DK Goel Comparative Statements Solutions CBSE (2024-25)

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Solution of Question number 31 of DK Goel Comparative Statements chapter of CBSE Board (2024-25)

Prepare Comparative Statement of Profit and Loss of Gem Ltd. from the following:

Particulars20232022
Revenue from Operations20,00,00015,00,000
Other Income10,00,0004,00,000
Expenses21,00,00015,00,000

Rate of Income tax was 50%.

[Ans. Profit after Tax : 2022 ₹ 2,00,000; 2023 ₹ 4,50,000.]

Percentage (%) Change in

Revenue from Operations33.33
Other Income150.00
Total Income57.89
Expenses40.00
Profit before and after Tax125.00

Solution:-

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