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Analysis of Financial Statements — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyAnalysis of Financial Statements3 Marks
Question
From the following information provided prepare a comparative income statement for the period 2008 & 2009.
  2008 2009
Sales (₹) 6,00,000 9,00,000
Gross Profit 40% on sales 50% on sales
Administrative expenses 20% of Gross profit 15% of Gross profit
Income tax 50% 50%
✓

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