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 ulars Note No. 31st March, 2019 (₹) 31st March, 2018 (₹) I. Income Revenue from Operations (Net Sales) 3,50,000 3,00,000 II. Expenses Purchases of Stock-in-Trade 2,10,000 1,80,000 Change in Inventories of Stock-in-Trade 15,000 20,000 Employees Benefits Expenses 17,500 15,000 Other Expenses 7,500 5,000 Total 2,50,000 2,20,000 III. Profit before Tax (I-II) 1,00,000 80,000 IV. Less: Tax 30,000 24,000 V. Profit after Tax (III-IV) 70,000 56,000

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

Particulars ulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
I. Income
Revenue from Operations (Net Sales)		3,50,000	3,00,000
II. Expenses
Purchases of Stock-in-Trade		2,10,000	1,80,000
Change in Inventories of Stock-in-Trade		15,000	20,000
Employees Benefits Expenses		17,500	15,000
Other Expenses		7,500	5,000
Total		2,50,000	2,20,000
III. Profit before Tax (I-II)		1,00,000	80,000
IV. Less: Tax		30,000	24,000
V. Profit after Tax (III-IV)		70,000	56,000