Q. 32 DK Goel Comparative Statements Solutions CBSE (2024-25)

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Solution of Question number 32 of DK Goel Comparative Statements chapter of CBSE Board (2024-25)

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

Particulars2022-232021-22
Revenue from Operations10,00,0008,00,000
Other Income2,20,0001,50,000
Cost of Material Consumed4,00,0003,00,000
Change in inventories of finished goods and work-in-progess2,00,0001,00,000
Other Expenses (% of Revenue from Operations)15%10%
Tax Rate30%30%

[Ans. Profit after Tax : 2022 ₹ 3,29,000; 2023 ₹ 3,29,000.]

Percentage (%) Change in

Revenue from Operations 25.00
Other Income46.67
Total Income28.42
Cost of Materials Consumed33.33
Change in Inventories100.00
Other Expenses87.5
Total Expenses56.25
Profit before and after tax

Solution:-

Comparative Statement of Profit & Loss
as at 31st March of Previous Year and Current Year

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