Question: 1. Prepare Comparative Statement in vertical form as per Company Act 2013 from following detail. [10 marks] 2. Analyze and comment on the Income Statement.[10

1. Prepare Comparative Statement in vertical form as per Company Act

1. Prepare Comparative Statement in vertical form as per Company Act 2013 from following detail. [10 marks] 2. Analyze and comment on the Income Statement.[10 marks] PARTICULARS 2020 2021 PARTICULARS 2020 2021 TO OPENING STOCK 4500000 6000000 225000 300000 BY SALES BY CLOSING 2250000 3210000 STOCK TO PURCHASES 300000 360000 TO INTEREST ON DEBENTURES 150000 150000 BY DIVIDEND 36000 39000 TO DEPRECIATION FURNITURE 15000 15000 MACHINERY 36000 30000 TO ADMINISTRATION EXPENSES 294000 441000 TO SELLING EXPENSES 531000 1083000 TO SALARY 195000 300000 570000 435000 TO PROVISION FOR TAX TO NET PROFIT 570000 435000 4836000 6399000 4836000 6399000

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