Question

GL Electronics earned a profit of Rs.50,000 in the year 2019-20 but the profit reduced to Rs.38,000 during 2020-21 due to lack of sales because of the outspread of COVID 19 pandemic. Which qualitative characteristics of accounting information is highlighted above?​

Answer 1

Explanation:

GL ELECTRONIC 50,000×12

6,00,000

2020-21 due

38,000×12

4,56,000