Prepare competitive statements of profit and loss from the following

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

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