Following information is extracted from the statement of Profit & Loss of Gold Coin Ltd. for the year ended 31st March, 2024:
| Particulars | 31st March, 2024 |
31st March, 2023 |
| Revenue from Operations | 60,00,000 | 45,00,000 |
| Employee Benefit Expenses | 30,00,000 | 22,50,000 |
| Depreciation | 7,50,000 | 6,00,000 |
| Other Expenses | 15,50,000 | 10,00,000 |
| Tax Rate | 30% | 30% |
Solution :
