Correct sequence: Find total revenue (B), deduct expenses (A), calculate profit before tax (E), deduct tax (D), arrive at profit after tax (C). This follows the standard format of preparing income statement.
Identify the correct sequence to find out profit after tax while preparing comparative income statement A. Deduct expenses B. Find out total revenue…
CUET UG 2022 — Accountancy Financial Statements
2022mcqeasy
Identify the correct sequence to find out profit 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:
Official previous-year question
Held on 30 Aug 2022 · Verified 13 Jul 2026.
Options
- A
E, B, A, D, C
- B
B, A, E, D, C
- C
B, E, A, C, D
- D
E, C, B, A, D
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