Prepare competitive statements of profit and loss from the following - Accountancy - Financial Statements of a Company

Question

Prepare competitive statements of profit and loss from the
following

Ishi · Accepted Answer

Dear Student

COMPARATIVE INCOME STATEMENT

Particulars
2013
2014
Absolute change
percentage change (%)

I Revenue from operation
40000
60000
20000
50

II Other Income
10000
15000
5000
50

III Total Income (I +II)
50000
75000
25000
50

IV Expenses
15000
20000
5000
33 33

V Profit before tax (III - IV)
35000
55000
20000
57 14

VI Tax
10500
22000
11500
109 52

VII Profit after tax (V -VI)
24500
33000
8500
34 69

Regards