Question
Accountancy Question on Debentures
Identify the correct sequence to find out profit after tax while preparing comparative income statement
A. Deduct expenses
B. Find out total revenue by adding other incomes to revenue from operations
C. Find out profit after tax
D. Deduct tax E. Calculate profit before tax
Choose the correct answer from the options given below:
A
E. B, A, D, C
B
B. A, E, D, C
C
B. E, A, C, D
D
E, C, B, A, D
Answer
B. A, E, D, C
Explanation
Solution
The correct option is (B): B. A, E, D, C