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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)

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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

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