Q&A

Ans. Increase 20%,5. From the following Statement of Profit and Loss, prepare

Ans. Increase
20%,5. From the following Statement of Profit and Loss, prepare Comparative Profit & Loss Statement:31st March, 31st March,Particulars20152016I. IncomeRevenue from Operations (Net Sales)Other Income5,00,00050.0005,50,0007,00,00060,0007,60,000TotalII. Expenses:(a) Purchase of Stock-in-trade(b) Changes in Inventories(c) Finance Cost(d) Other Expenses2,00,00050,00040,0001,10.0004,00,0001,50.0003.00.000(40,000)60,0002,20,0005,40,0002,20,000TotalIII. Profit (I – II)​

Leave a Reply

Your email address will not be published.