Question

*Brackets indicate negalive Nelli
From the following information prepare a comparative Income Statements of Aiau la
2017 2018
Revenue from Sales
Cost of Goods sold
Administrative, Selling and distribution Expenses
Other Income
Income Tax
90
5,00,000 4,00,000
3,00,000
2.00,000
1.00,000 70,000
20,000 10,000
60,000 70,000
Cost of Goods sold 33 3​

Answer 1

Answer:

Every business wants to know the incomes earned and expenses incurred during ... Check format of the Profit and loss statement/account here. ... Format for Sole Traders & Partnership Firms; Format of P&L Account for Companies ... (ii) Income tax relating to items that will not be reclassified to profit or loss.