6 Prepare a comparative income statement of X Ltd., with the help of the following information 10 Marks Â
Solution: X Ltd. COMPARATIVE INCOME STATEMENT
| Year | Change-increase(Decrease)
|
|||
| Particulars | 2007Rs | 2008Rs | Absolute | Percentage |
| Net SalesLess: Cost of Goods Sold | 10000060000 | 200000140000 | 10000080000 | 100133 |
| Gross ProfitLess: Indirect Expenses | 400004000 | 600006000 | 200002000 | 5050 |
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