Income statement of...........

for the year ending-------

Particulars Sales Less: Sales Returns Sales Tax/Excise Duty Net Sales Cost of Goods Sold Materials Consumed Direct Labor Manufacturing Expenses Add/Less Adjustment for change in stock (2) Gross Profit = (1)-(2) Less: Operating Expenses Office and Administration Expenses Selling and Distribution Expenses Operating Profit (1)

Rs.

Rs. xxx

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Add: Non - Operating Income

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Less: Non-Operating income(including Interest) Profit Before Tax Less: Tax Profit After Tax Appropriations Transfer to Reserves Dividends declared/ Paid Surplus earned to Balance Sheet

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