From the following information, prepare Comparative Statement of Profit and Loss for the year ended 31st March, 2023:

Particulars 2022-23
Rs.
2021-22
Rs.
Revenue from Operations
Other income
Employee benefit expenses – 50% of revenue from Operations
Tax Rate 50%
4,00,000
80,000
2,00,000
40,000

Marks-4, CBSE: 2023-24/Zone-2/Set-1/Q-33a*

Answer :

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