Question - 07

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

2010

Net Sales Rs. 80,000, Cost of goods sales Rs. 60% of Gross profit, Inderect Exp. Rs. 10% of Gross profit, Rate of Income tax Rs. 50%.

2011

Net Sales Rs. 1,00,000, Indirect exp. % of gross profit Rs. 15%, Rate of Income tax Rs. 60%.

Note : please purchase the book for looking question.