Prepare comparative profit-loss statements from the following profit-l – InterviewSolution

1.

Prepare comparative profit-loss statements from the following profit-loss statements of Nayan Ltd. for the year ending on 31-3-2018 and 31-3-2019.ParticularsNote No.31-3-’19(₹)31-3-’18(₹)Sales revenue24,00,00021,00,000Other income4,50,0003,75,000Expenses14,40,00010,80,000

Answer»

Particulars	Increase/ Decrease (₹)	Increase/Decrease (%)
(I) Sales revenue	3,00,000	14.29
(II) Other income	75,000	20.00
(III) Total income	3,75,000	15.15
(IV) Expenses	3,60,000	33.33
(V) Profit before tax	15,000	1.08

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