Question

Prepare a Comparative Statement of Profit and Loss from the following information: [4]
Year Net Profit
2007-2008 1,90,000
2008-2009 2,20,000
2010-2011 2,50,000
Particulars
31st March 31st March 2013(Rs.) 2012(Rs.)
Revenue from Operations
200% of Raw Materials Consumed
175% of Raw Materials Consumed
Expenses:
Cost of Materials Consumed 5,00,000 3,00,000
Other Expenses
5% of Revenue from operations
5% of Revenue from Operations
The rate of Income tax
50% of Net Profit before Tax
50% of Net Profit before Tax
37. Calculate opening and closing trade receivables from the following information: Trade Receivable [4] turnover ratio 4 times; Cost of Revenue from Operations Rs.3,20,000; Gross profit ratio 20%; Closing trade receivables were Rs.15,000 more than opening trade receivables; cash revenue from operations being
% of credit revenue from operations.hiiiiii


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Answer 1

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