Assam Tea Ltd. decided to donate 5 % of its net profit every year to a Non-Government Organisation (N.G.O), that is engaged in providing clean drinking water in the rural areas of Assam. Following particulars are related to the Statement of Profit & Loss of the Company for two consecutive years :
You are required to Prepare the Comparative Statement of Profit & Loss
Assam Tea Ltd.
COMPARATIVE STATEMENT OF PROFIT & LOSS
for the years ended 31st March, 2016 and 2017