Question

Rate of income tax
25%
9 % Debentures
8,00,000
31 Prepare a comparative Statement of Profit and Loss from the following:
Particulars
Revenue From operations
Cost of materials Consumed
Other Expenses
Tax rate
31.03.19)
20,00,000
10,00,000
--nil-
50%
31.03.20)
25,00,000
13,00,000
1,20,000
50%​

Answer 1

Explanation:

Rate of income tax

25%

9 % Debentures

8,00,000

31 Prepare a comparative Statement of Profit and Loss from the following:

Particulars

Revenue From operations

Cost of materials Consumed

Other Expenses

Tax rate

31.03.19)

20,00,000

10,00,000

--nil-

50%

31.03.20)

25,00,000

13,00,000

1,20,000

50%