Question - 06

From the following particulars prepare comparative income statement for the year ending 31st March, 2006 and 2007:

2006

Sales Rs. 2,00,000, Cost of goods sales Rs. 50% of Gross profit, Inderect Exp. Rs. 15% of Gross profit, Income tax Rs. 40% of profit before tax..

2007

Sales Rs. 4,00,000, Cost of goods sales Rs. 60% of Gross profit.

Note : please purchase the book for looking question.