From the following statement of Profit & Loss , prepare the
comparative statement of Profit & LossParticulars
FY19-20 FY18-19 I.IncomeRevenues from
Operations
3,50,000 3,00,000II.
ExpensesPurchases of Stock in
trade
2,10,000 1,80,000Changes in
Inventories
15,000
20,000Employees Benefit
Expenses
17,500
15,000Other
Expenses
7,500
5,000
2,50,000 2,20,000III.Profits
before tax (I-II)
1,00,000
80,000IV.Taxes
30,000
24,000Profits after tax
(III-IV)
70,000
56,000
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