From the following information, prepare Comparative statement of Profit and Loss for the year ended 31st March 2021.

Particulars Note No. 2020-21
Revenue from Operations 4,00,000 2,00,000
Other Income 80,000 40,000
Expenses – 50% of Revenue from Operations
Tax Rate 50%

Marks-3, CBSE:2021-22/Term-2/Zone-1/Set-1/Q-11*

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