Question

From the following information, prepare a Comparative Statement of Profit and Loss of Matrix Ltd. [10]
Particulars
31.03.2021 (`)
31.03.2020 (`)
Revenue from Operations Cost of Material Consumed Interest from Investments Employee Benefit Expenses Tax Rate
3,00,000 55 % of RFO 20,000 10,000
50 %
2,50,000 60 % of RFO 20,000 10,000 50 %

Answer 1

Answer:

Comparative Statement of Profit and Loss for the years ended March 31, 2019