From the following information, prepare a Comparative Statement of Profit and Loss of Smart Ltd. Particu as $\displaystyle 2023$-$\displaystyle 24$ $\displaystyle 2022$-$\displaystyle 23$ ? Revenue rem O elations $\displaystyle 24,00,000$ $\displaystyle 20,00,000$ Cost of material consumed $\displaystyle 6,00,000$ $\displaystyle 4,00,000$ Employee benefit expenses $\displaystyle 4,00,000$ $\displaystyle 2,00,000$ Tax Rate $\displaystyle 50$%

Comparative Statement of Profit and Loss of Smart Ltd. for the years ended 31st March, $\displaystyle 2023$ and 31st March, $\displaystyle 2024$ Particulars $\displaystyle 2022$-$\displaystyle 23$ $\displaystyle 2023$-$\displaystyle 24$ Absolute Percentage (₹) (₹) increase or increase or decrease decrease Revenue from Operations $\displaystyle 20,00,000$ $\displaystyle 24,00,000$ $\displaystyle 4,00,000$ $\displaystyle 20$ ½ Less Expenses: Cost of materials consumed $\displaystyle 4,00,000$ $\displaystyle 6,00,000$ $\displaystyle 2,00,000$ $\displaystyle 50$ ½ Employee benefit expenses $\displaystyle 2,00,000$ $\displaystyle 4,00,000$ $\displaystyle 2,00,000$ $\displaystyle 100$ ½ Total expenses $\displaystyle 6,00,000$ $\displaystyle 10,00,000$ $\displaystyle 4,00,000$ $\displaystyle 66.67$ Profit before tax $\displaystyle 14,00,000$ $\displaystyle 14,00,000$ NIL NIL ½ Less Tax @$\displaystyle 50$% $\displaystyle 7,00,000$ $\displaystyle 7,00,000$ NIL NIL ½ Profit after tax $\displaystyle 7,00,000$ $\displaystyle 7,00,000$ NIL NIL ½ .