Question

From the following information, prepare Comparative Statement of Profit
and Loss :
Particulars
31.3.2019
31.3.2018
₹
Revenue from operations
4,00,000
3,00,000
Other Income
80,000
40,000
Expenses - 50% of Revenue from
operations
Income Tax Rate
40%
40%​

Answer 1

Answer:

₹5057

Explanation:

As 40 percent double typemeans 80 percent profit

..50 percent revenue form =90 percent

then addition of expence 8,00,000 + 9000+50,000

=™8,14,000