Practicing Success
Calculate Profit/Loss from following.
|
₹21,50,000 ₹13,97,500 ₹17,50,000 ₹11,37,500 |
₹11,37,500 |
The correct answer is Option (4) - ₹11,37,500. Total revenue = Revenue from operations + Other income Total expenses = Employees benefit expense + Other expenses Profit before tax = Total revenue - Total expenses Income tax = 35% Profit after tax = Profit before tax - Income tax |