wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

while preparing comparative income statement

net sales, cost of good sold , direct expense, indirect expence and tax rate is given

in which sequence we shoul calculate or prepare income statement(comparative)

Open in App
Solution

Dear Student, the solution of your query is here;
Comparative Income Statement
for the year ended March 31, 2012 and 2013
Particulars 2012
(Rs)
2013
(Rs)
Absolute
Change
(Rs)
Percentage
Change
(%)
I. Revenue from Operations (Net Sales)
II. Other Income
III. Total Revenue (I + II)
IV. Expenses
  1. Cost of Goods Sold
  1. Direct Expenses
  1. Indirect Expenses
Profit before Income Tax
Less: Income Tax
Profit after Income Tax

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
VAT
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon