Illustration I (Comparative income statement) The following are the income statements of Jeevan Ltd., for the year ending 31st December 1999 and 1998. You are required to prepare a comparative income statement for the two years. Net Sales Cost of goods sold Operating expenses: Administration Selling Non-operating expenses: Interest 31.12.98 Rs. 10,00,000 5,50,000 80,000 60,000 40,000 31.12.99 Rs. 12,00,000 6,05,000 1,00,000 80,000 50,000

Illustration I (Comparative income statement) The following are the income statements of Jeevan Ltd., for the year ending 31st December 1999 and 1998. You are required to prepare a comparative income statement for the two years. Net Sales Cost of goods sold Operating expenses: Administration Selling Non-operating expenses: Interest 31.12.98 Rs. 10,00,000 5,50,000 80,000 60,000 40,000 31.12.99 Rs. 12,00,000 6,05,000 1,00,000 80,000 50,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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