Identify the correct sequence to find out profit after tax while preparing comparative income statement A. Deduct expensesB. Find out total revenue by adding other incomes to revenue from operationsC. Find out profit after taxD. Deduct taxE. Calculate profit before tax Choose the correct answer from the options given below:
- AE, B, A, D, C
- BB, A, E, D, C
- CB, E, A, C, D
- DE, C, B, A, D
Solution & Step-by-step Explanation
The correct sequence is:B. Find out total revenueA. Deduct expensesE. Calculate profit before taxD. Deduct taxC. Find out profit after taxThus, B, A, E, D, C.