Question

From the following information, prepare a Comparative Income Statement of Arun Ltd. for the year ended 31st March, 2024.

Hint:

In a comparative income statement, both absolute change and percentage change help in analysing performance over time.

Answer 1

Step 1: Calculation of Other Expenses \[ \text{Other Expenses (2024)} = 12% \times 30,00,000 = ₹3,60,000 \] \[ \text{Other Expenses (2023)} = 10% \times 12,00,000 = ₹1,20,000 \] Step 2: Preparation of Comparative Income Statement Comparative Income Statement of Arun Ltd.