Question - 05

From the following particulars prepare comparative income statement for the year ending 31st March, 2010 and 2011:

2010 

Sales Rs. 15,000, Cost of goods sales Rs. 8,000, Administrative Exp. Rs. 1,000, Selling & distribution Exp. Rs. 800, operating income Rs. 400, Non - operating income Rs. 200, Income tax Rs. 1,250.

2011

Sales Rs. 20,000, Cost of goods sales Rs. 6,000, Administrative Exp. Rs. 1,200, Selling & distribution Exp. Rs. 1,000, operating income Rs. 300, Non -  operating income Rs, 200, Income tax Rs. 1,500.

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