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

Particulars 31st March,
2024
31st March,
2023
Revenue from Operations 37,50,000 25,00,000
Other Income 4,50,000 5,00,000
Cost of Materials Consumed 22,50,000 12,50,000
Other Expenses 3,75,000 2,50,000
Tax Rate 50% 50%

Solution :