Identify the correct sequence to find out 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:

B, A, E, D, C

The correct answer is option 2- B, A, E, D, C.

Find out total revenue (B): Start by calculating the total revenue, which includes revenue from operations (like sales) plus any other income (such as interest or investment income). This gives you the overall income the company has generated.

Deduct expenses (A): Next, subtract all operating expenses (like cost of goods sold, salaries, rent, etc.) from the total revenue.

Calculate profit before tax (E): After deducting expenses, you arrive at the profit before tax. This amount indicates how much profit the company has made before accounting for taxes.

Deduct tax (D): Now, subtract the tax expense from the profit before tax. This step reflects the cost of taxes that the company needs to pay based on its profits.

Find out profit after tax (C): Finally, the result after deducting taxes is the profit after tax. This figure shows the net income available to the shareholders, reflecting the company's profitability after accounting for all expenses, including taxes.

An example of Comparative income statement is shown as above.