Page 2 - Lesson Note
P. 2
operations
II. Other Income
III. Total Revenue (I+II)
IV. Expenses:
a. Cost of Material
consumed
b. Purchases of Stock-
in-Trade
c. Changes in
Inventories of Finished
Goods, Work-in-
progress and Stock-in-
trade
d. Employees Benefit
Expenses
e. Finance Cost
f. Depreciation &
Amortisation Expenses
g. Other Expenses
Total Expenses
V. Profit before Tax
(III-IV)
Less: Income Tax
VII. Profit after Tax
percentage = absolute change/ previous year*100
Importance of Comparative Statement
Objective of Comparative Statement :
