Prepare a Comparative Income Statement from the following information.
2009 2010
Rs. Rs.
Sales 10,00,000 12,50,000
Cost of goods sold 5,00,000 6,50,000
Carriage inwards 30,000 50,000
Operating Expenses 50,000 60,0000
Income Tax 50% 50%
|
Particulars
|
2009 (Rs) |
2010(Rs) |
Absolute Change Rs |
% of Increase or Decrease |
|
Sales
Less Cost of Goods Sold
Gross Profit
Less Operating Expenses
Net Profit before tax
Less Income Tax
Net Profit After tax |
10,00,000
5,00,000 |
12,50,000
6,50,000 |
2,50,000
1,50,000 |
25
30 |
|
5,00,000
50,000 |
6,00,000
60,000 |
1,00,000
10,000 |
20
20 |
|
|
4,50,000
2,25,000 |
5,40,000
2,70,000 |
90,000
45,000 |
20
20 |
|
|
2,25,000 |
2,70,000 |
45,000 |
20 |
