Dear friends
Here, I am giving the Performa of comparative income statement. With the help of this Performa, you can now easily make this and can estimate your future profit planning .For making this you must need of current year and previous year profit and loss account. After making this you can compare each and every item of your profit and loss account. This account is very useful for all type of managerial decisions. You can see in percentage form in which part of profit and loss account , we decrease our expenses from last year or increasing income from last year. Increasing the expenses does not mean your performance is weak . But some time expenses will increase your profitabilty level
Here, I am giving the Performa of comparative income statement. With the help of this Performa, you can now easily make this and can estimate your future profit planning .For making this you must need of current year and previous year profit and loss account. After making this you can compare each and every item of your profit and loss account. This account is very useful for all type of managerial decisions. You can see in percentage form in which part of profit and loss account , we decrease our expenses from last year or increasing income from last year. Increasing the expenses does not mean your performance is weak . But some time expenses will increase your profitabilty level
