Q. 6 DK Goel Comparative Statements Solutions CBSE (2024-25)

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Solution of Question number 6 of DK Goel Comparative Statements chapter of CBSE Board (2024-25)

With the help of the following information prepare a Comparative Statement of Profit & Loss of Gopal Ltd.

Particulars31.03.202131.03.2022
Revenue from Operations5,00,0008,00,000
Cost of Material Consumed60% of Revenue from Operations70% of Revenue from Operations
Other Expenses20,00024,000
Rate of Income Tax50% of net profit before tax50% of net profit before tax

[Ans. Profit after Tax 2021 ₹ 90,000; 2022 ₹ 1,08,000.]

Revenue from Operations60.00
Cost of Material Consumed86.67
Other Expenses20.00
Profit before and after tax20.00

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