Accountancy 4 Marks Question

Prepare comparative statement of profit and loss from the following information:

Particulars	31st March, 2015 Amt (Rs.)	31st March, 2014 Amt (Rs.)
Revenue from Operations	12,00,000	8,00,000
Purchase of Stock-in-trade	7,80,000	5,20,000
Change in Inventories of Stock-in-trade	40,000	80,000
Other Expenses	10% of Cost of Revenue from Operations	8% of Cost of Revenue from Operations
Tax Rate	30%	40%

From the following Statement of Profit and Loss of Raman Ltd, prepare a Comparative Statement of Profit and Loss for the year ended 31st March, 2022;

Particulars	Note No.	2021-22 ₹	2020-21 ₹
Revenue from Operations		26,00,000	20,00,000
Employee Benefit Expenses		6,00,000	5,00,000
Other Expenses		12,00,000	10,00,000
Tax Rate 50%