Question

Prepare a comparative income statement for any company extracting their P&L statement for the years 2020-21 & 2021-22. Analyse the incline and decline in the different elements in the P&L Statement and provide detailed insights.

Answer 1

this is my own answer

Step-by-step explanation:

hi

How to Prepare a Comparative Income Statement?

Step 1: Specify absolute figures of items like goods sold, net sales, selling expenses, etc., relating to the accounting period under consideration for analysis.

Step 2: Calculate the absolute change in the items mentioned in the income statement.