Prepare Comparative Income Statement from the following Statement of Profit & Loss Revenue from Operations (Net Sales) ₹ 3,00,000
Prepare Comparative Income Statement from the following Statement of Profit & Loss:
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| I. Income Revenue from Operations (Net Sales) | 3,00,000 | 2,50,000 |
|
II. Expenses Cost of Materials Consumed Changes in Inventories of WIP and Finished Goods Employees Benefit Expenses (Wages) Other Expenses |
1,20,000 (2,000) 30,000 22,000 |
1,00,000 5,000 25,000 20,000 |
| Total | 1,70,000 | 1,50,000 |
| III. Profit before Tax (I – II) | 1,30,000 | 1,00,000 |
Anurag Pathak Changed status to publish March 24, 2024
