Question 30 of 34
Q.
From the following particulars, prepare comparative Income Statement of Barani Ltd.
| Particulars | 2022 - 23 ₹ | 2023 - 24 ₹ |
|---|---|---|
| Revenue from Operations | 30,000 | 45,000 |
| Other Income | 4,000 | 6,000 |
| Expenses | 10,000 | 15,000 |
| Income Tax | 30% | 30% |
Tamil Nadu DgeTamil Nadu HSC (DGE) Commerce Board 2025Subjective· 3mImportance★★★★★
88% · 30/34 Questions
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Start your 14-day free trial to unlock the full solution →Prepare a two-year comparative income statement; here every figure increases by exactly 50%, giving profit after tax of ₹16,800 → ₹25,200.
Comparative Income Statement of Barani Ltd.
| Particulars | 2022-23 ₹ | 2023-24 ₹ | Absolute change ₹ | % change |
|---|---|---|---|---|
| Revenue from operations | 30,000 | 45,000 | +15,000 | 50 |
| Add: Other income | 4,000 | 6,000 | +2,000 | 50 |
| Total revenue | 34,000 | 51,000 | +17,000 | 50 |
| Less: Expenses | 10,000 | 15,000 | +5,000 | 50 |
| Profit before tax | 24,000 | 36,000 | +12,000 | 50 |
| Less: Income tax @ 30% | 7,200 | 10,800 | +3,600 | 50 |
| Profit after tax | 16,800 | 25,200 | +8,400 | 50 |
| … |
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