ABC Limited has provided the following information pertaining
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ABC Limited has provided the following information pertaining

ABC Limited has provided the following information pertaining to its two accounting periods i.e. 2016 and 2017. Prepare a comparative Income Statement and interpret the basic findings.


Illustration 2

The income statements of a concern are given for the year ending 31st December 2006 and 2007. Rearrange the figures in a comparatie en and study the profitability of the concern.


Hint
Accounts and Finance A comparative income statement combines the operating results from several income statements into separate columns. It helps a reader to analyze trends over different reporting periods for a better understanding of the various factors that contribute to change over different periods....

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