Question

OR
7. (a) The following data is available from the P&L Account of Deepak Ltd. calculate trend
percentage.
Particulars
2015 (Rs.) 2016 (Rs.) 2017 (Rs.) 2018 (Rs.)
Sales
3,10,000 3,27,500 3,20,000 3,32,500
Wages
1,07,500 1,07,500 1,15,000 1,20,000
Selling expenses
27,250
29,000 29,750 27,750
Gross profit
90,000
95,000 77,500 80,000
(b) From the following information, prepare a Comparative Income statement.
Particulars
2017 (Rs.)
2018 (Rs.)
Sales
10,00,000
8,00,000
Cost of goods sold
6,00,000
4,00,000
Administration expenses
2,00,000
1,40,000
Other income
40,000
20,000
Income tax
1,20,000
1,40,000
(4)

Answer 1

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