Please complete the income statement for the year 201617 based upon the information given: Particulars Sales Opening
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Please complete the income statement for the year 2016–17 based upon the information given:
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Particulars Sales Opening stock Purchases Closing stock Cost of goods sold Gross profit Operating expenses Profit/loss before Tax Ram Limited 5,500 700 4,750 850 ?? ?? ?? 500 (in Thousands) Shyam Limited ?? 1,250 ?? 900 6,600 2,150 1,200 ?? Shiv Limited 10,200 1,500 9,250 ?? 8,175 ?? ?? 225 Vishnu Limited ?? ?? 3,450 775 3,975 300 ?? (500)
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