Question

Comparative statement of profit and loss provides information about:

Options

• Rate of increase or decrease in revenue from operations

• Rate of increase or decrease in cost of revenue from operations

• Rate of increase or decrease in net profit

• All of the above

Answer 1

All of the above

Explanation:

A comparative statement of profit & loss provides information about the rate of increase or decrease in revenue from operations, cost of revenue from operations, and net profit. It helps analyze changes in income, expenses, and profitability over different years, facilitating comparison and forecasting of business performance.