Prepare a Comparative Statement of Profit & Loss from the following:

Particulars 31st March,
2019 (₹)
31st March,
2020 (₹)
Revenue from Operations 20,00,000 25,00,000
Cost of Material Consumed 10,00,000 13,00,000
Other Expenses Nil 1,20,000
Tax Rate 50% 50%

Solution :