Question: I need the answer as soon as possible From the following Profit and Loss Account AVS Ltd., for the years 2002 and 2003, you are

I need the answer as soon as possible I need the answer as soon as possible From the following Profit

From the following Profit and Loss Account AVS Ltd., for the years 2002 and 2003, you are required to prepare a Comparative Income Statement Statements of Profit and Loss Account Particulars 2002 2003 Rs. Rs. Net sales 4,000 5.000 Less : Cost of goods sold 3,000 3,750 Gross Profit 1,000 1,250 Less : Operating Expenses Office and Administrative Expenses 200 250 Selling and Distribution Expenses 225 300 Total Operating Expenses 425 550 Net Profit 575 700

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