question_answer

From the following statement of profit and loss, prepare comparative income statement. Statement of Profit and Loss for the years ending......

	Particulars	31st March, 2016 Amt (Rs.)	31st March, 2017 Amt (Rs.)
I.	Income
	Revenue from Operations (Net sales)	4,00,000	5,00,000
	Other Incomes	20,000	30,000
	Total	4,20,000	5,30,000
II.	Expenses
	Purchases of Stock-in-trade	1,80,000	3,10,000
	Changes in Inventories of Stock-in-trade	20,000	(10,000)
	Employees Benefit Expenses	30,000	80,000
	Other Expenses	70,000	90,000
	Total	3,00,000	4,70,000
III.	Profit (I - II)	1,20,000	60,000

Additional Information

Other expenses include
Provision for Tax	Rs. 60,000	Rs. 70,000

Identify the values in using actual figures (without any window dressing) by the company's management in the comparative income statement.

Answer:

Not Available