From the following information of Narsimham Company Ltd., prepare a C

From the following information of Narsimham Company Ltd., prepare a Comparative Income Statement for the years 2004-2005 Particulars2004Rs2005RsGross Sales7,25,0008,15,000Less : Returns25,00015,000Net Sales7,00,0008,00,000Cost of Goods Sold5,95,0006,15,000Gross Profit1,05,0001,85,000Other Expenses Selling & distribution Expenses23,00024,000Administration Expenses12,70012,500Total Expenses35,70036,500Operating Income69,3001,48,500Other Income1,2008,050 70,5001,56,550Non Operating Expenses1,7501,940Net Profit68,7501,54,610

Answer»

From the following information of Narsimham Company Ltd., prepare a Comparative Income Statement for the years 2004-2005

Particulars	2004 Rs	2005 Rs
Gross Sales	7,25,000	8,15,000
Less : Returns	25,000	15,000
Net Sales	7,00,000	8,00,000
Cost of Goods Sold	5,95,000	6,15,000
Gross Profit	1,05,000	1,85,000
Other Expenses
Selling & distribution Expenses	23,000	24,000
Administration Expenses	12,700	12,500
Total Expenses	35,700	36,500
Operating Income	69,300	1,48,500
Other Income	1,200	8,050
	70,500	1,56,550
Non Operating Expenses	1,750	1,940
Net Profit	68,750	1,54,610