Question

Comparative Statement of Profit and Loss provides information about:

Options

• rate of increase or decrease in Net Profit.

• rate of increase or decrease in Revenue from Operations.

• rate of increase or decrease in Cost of Revenue from Operations.

• all of the above

Answer 1

rate of increase or decrease in Net Profit.

Explanation:

The primary goal of the Comparative Statement of Profit and Loss is to create a relationship between Revenue from Operations and the other items on the Statement of Profit and Loss.