Advertisements
Advertisements
Question
Prepare Comparative Income Statement of Noha Limited for the year ended 31.3.17 and 31.3.18
| Particulars | 31.3.17 (₹) | 31.3.18 (₹) |
| Sales | 2,00,000 | 3,00,000 |
| Income Tax | 50% | 50% |
| Cost of Sales | 1,20,000 | 80,000 |
| Indirect Expenses | 8,000 | 12,000 |
Ledger
Advertisements
Solution
| Comparative Income Statement of Noha Limited For the year ended 31st March, 2017 and 31st March, 2018 | ||||
| Particulars | 31 – 03 – 2017 (₹) | 31 – 03 – 2018 (₹) | Absolute Change (₹) | Percentage Change |
| Sales | 2,00,000 | 3,00,000 | 1,00,000 | 50 % Increase |
| Less: Cost of Sales | 1,20,000 | 80,000 | (40,000) | (33.33 %) Decrease |
| Gross Profit | 80,000 | 2,20,000 | 1,40,000 | 175 % Increase |
| Less : Indirect Expenses | 8,000 | 12,000 | 4,000 | 50 % Increase |
| Net Profit before Tax | 72,000 | 2,08,000 | 1,36,000 | 188.89 % Increase |
| Less : Tax 50 % | 36,000 | 1,04,000 | 68,000 | 188.89 % Increase |
| Net Profit after Tax | 36,000 | 1,04,000 | 68,000 | 188.89 % Increase |
shaalaa.com
Is there an error in this question or solution?
