From the following information of AK Ltd., prepare a Comparative Statement of Profit and Loss for the year ended 31st March, 2024. $\displaystyle 2023$-$\displaystyle 24$ $\displaystyle 2022$-$\displaystyle 23$ Particulars ( ) $\displaystyle 3$ ( ) $\displaystyle 2$ Revenue from Operations $\displaystyle 8,00,000$ $\displaystyle 4,00,000$ Other Income $\displaystyle 1,60,000$ $\displaystyle 80,000$ Employee Benefit Expenses $\displaystyle 50$% of Revenue from Operations Tax rate $\displaystyle 50$%

In the books of AK Ltd Comparative Income Statement 31st 31st for the years ended March $\displaystyle 2023$ and March $\displaystyle 2024$ Particulars Absolute Absolute Absolute % Amounts Amounts Change Change $\displaystyle 31.3.2023$ $\displaystyle 31.3.2024$ ` ` ` I. INCOME Revenue from Operations $\displaystyle 4,00,000$ $\displaystyle 8,00,000$ $\displaystyle 4,00,000$ $\displaystyle 100$ (½) Other Incomes $\displaystyle 80,000$ $\displaystyle 1,60,000$ $\displaystyle 80,000$ $\displaystyle 100$ (½) TOTAL REVENUE $\displaystyle 4,80,000$ $\displaystyle 9,60,000$ $\displaystyle 4,80,000$ $\displaystyle 100$ II. EXPENSES Employee Benefit Expenses $\displaystyle 2,00,000$ $\displaystyle 4,00,000$ $\displaystyle 2,00,000$ $\displaystyle 100$ (½) TOTAL EXPENSES $\displaystyle 2,00,000$ $\displaystyle 4,00,000$ $\displaystyle 2,00,000$ $\displaystyle 100$ III. Profit Before Tax (I-II) $\displaystyle 2,80,000$ $\displaystyle 5,60,000$ $\displaystyle 2,80,000$ $\displaystyle 100$ (½) IV. Tax $\displaystyle 1,40,000$ $\displaystyle 2,80,000$ $\displaystyle 1,40,000$ $\displaystyle 100$ (½) V. Profit After Tax (III-IV) $\displaystyle 1,40,000$ $\displaystyle 2,80,000$ $\displaystyle 1,40,000$ $\displaystyle 100$ (½)