Prepare Comparative Statement of Profit and Loss from the following St

Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss: Particulars Note No. 31st March, 2019 (₹) 31st March, 2018 (₹) I. Income Revenue from Operations (Net Sales) 3,00,000 2,50,000 II. Expenses Cost of Materials Consumed 1,20,000 1,00,000 Changes in Inventories of WIP and Finished Goods (2,000) 5,000 Employees Benefits Expenses (Wages) 30,000 25,000 Other Expenses 22,000 20,000 Total 1,70,000 1,50,000 III. Net Profit (I-II) 1,30,000 1,00,000

Answer» Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:

Particulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. Income
Revenue from Operations (Net Sales)		3,00,000	2,50,000
II. Expenses
Cost of Materials Consumed		1,20,000	1,00,000
Changes in Inventories of WIP and Finished Goods		(2,000)	5,000
Employees Benefits Expenses (Wages)		30,000	25,000
Other Expenses		22,000	20,000
Total		1,70,000	1,50,000
III. Net Profit (I-II)		1,30,000	1,00,000