Prepare a Comparative Income Statement of Bikul Ltd. with the help of the following information:
Prepare a Comparative Income Statement of Bikul Ltd. with the help of the following information:
| Particulars | 2016-17 (₹) | 2017-18 (₹) |
| Revenue from Operations | 10,00,000 | 16,00,000 |
| Cost of Materials Consumed | 5,00,000 | 10,00,000 |
| Employee Benefit Expenses | 80,000 | 40,000 |
| Other Indirect Expenses | 60,000 | 80,000 |
Income Tax Rate 40%.
[Ans.]
| Particulars | Absolute Change | Percentage Change (%) |
| Revenue from Operations | 6,00,000 | 60.00 |
| Cost of Material Consumed | 5,00,000 | 100.00 |
| Employee Benefit Expenses | (40,000) | (50.00) |
| Other Indirect Exp | 20,000 | 33.33 |
| Total Expenses | 4,80,000 | 75.00 |
| Profit before Tax | 1,20,000 | 33.33 |
| Profit after Tax | 72,000 | 33.33 |
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