Question

5.
Prepare Comparative Income Statement of Noha Limited for the year ended 31.3.17 and
31.3.18
Particulars
Sales
Income Tax
Cost of Sales
Indirect Expenses
31.3.17 )
2,00,000
50%
1,20,000
8,000
31.3.18 )
3,00,000
50%
80,000
12,000​

Answer 1

Explanation:

This is the correct answer for the given question.

Answer 2

Explanation:

comparative income statement