Question - 13

From the following details make out of comparative income statement :

2004 

Sales Rs. 1,20,000, Cost of goods sold Rs. 70,000, Indirect exp. Rs. 20,000, Provision for tax Rs. 6,000, Net profit Rs. 24,000.

2005 

Sales Rs. 1,50,000, Cost of goods sold Rs. 75,000, Indirect exp. Rs. 25,000, Provision for tax Rs. 10,000, Net profit Rs. 40,000.

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