Question

Prepare Comparative Statement of Profit and Loss from the following Statement of Profit and Loss:
31st March, 31st March,
2018 (*) 2017 )
Note
No.
Particulars
3,00,000
1. Income
3,50,000
Revenue from Operations (Net Sales)
1. Expenses
Purchases of Stock-in-Trade
Change in Inventories of Stock-in-Trade
Employees Benefit Expenses
Other Expenses
Total
2,10,000
15,000
17,500
7,500
2,50,000
1,80,000
20,000
15,000
5,000
2,20,000
1,00,000
30,000
70,000
80,000
24,000
56,000
II. Profit before Tax (I - M)
IV. Less: Tax
V. Profit after Tax (IN - IV)​

Answer 1

Answer:

4.) less : tax is the answer of this question