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From the following statement of Profit & Loss , prepare the comparative statement of Profit &...

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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