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Question No.5: [CLO_2] (Marks: 10+2+3=15) Case Study: You are an entrepreneur running a technology business, ABC (Pvt) Ltd. Your account books for the year

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Question No.5: [CLO_2] (Marks: 10+2+3=15) Case Study: You are an entrepreneur running a technology business, ABC (Pvt) Ltd. Your account books for the year 2019 saysthat you have bought Rs 1,000,000/- worth of machineries, bought Rs 1,000,000/- worth of office building, Rs 500,000/- lease amount paid, Rs 400,000/- paid as salaries, Rs 300,000/- utility bills paid and Rs. 100,000/- paid for medical of staff. Rs. 12,000,000/= total income or sales or revenue, Rs. 4,000,000/- direct cost, Rs. 100,000/- income tax paid. A. Prepare Income Statement for ABC company. B. What does an Income Statement show? C. Mention any three ways to increase your net profit.

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