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Question
From the following Particulars, prepare a comparative income ‘statement of Daniel Ltd.
| Particulars | 2015 -16 ₹ |
2016-17 ₹ |
| Revenue from operations | 40,000 | 50,000 |
| Operating expenses | 25,000 | 27,500 |
| Income tax (% of the profit before tax) |
30% | 30% |
Ledger
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Solution
The comparative Income statement of Daniel
Ltd. for the year ended 31.3.16 & 31.3.17
| Particulars | 2015- 2016 Rs. | 2016-2017 Rs. | Absolute amount of (+) ↑ (or) (-) ↓ |
% of (+) ↑ (or) (-) ↓ |
| Revenue from operations | 40,000 | 50,000 | +10,000 | 25% |
| Less: Operating expenses | 25,000 | 27,500 | +2,500 | 10% |
| Profit before tax | 15,000 | 22,500 | +7,500 | 50% |
| Less: Income tax @ 30% | 4,500 | 6,750 | +2,250 | 50% |
| Profit after tax | 10,500 | 15,750 | +5,250 | 50% |
shaalaa.com
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