Extracted text: Illustration: 1 From the following Profit and Loss Account, you are required to convert into Comparative Profit and Loss Account for the year 2002 and 2003: Dr. Profit and Loss Account for the Year 2002 and 2003 Cr. Particulars 2002 2003 Particulars 2002 2003 Ro. Ro. Ro. Ro. To Cost of goods sold 1,18,000 1,47,000 By Net Sales 2,00,000 2,25,000 To Gross Profit cld 82,000 78,000 2,00,000 2,25,000 2,00,000 2,25,000 By Gross Profit bld To General & s} 82,000 78,000 Administrative Expenses 5,000 6,000 By Non-Operating 10,000 15,000 To Selling & Distribution } Income Expenses 7,000 8,000 To Non-Operating Expenses 5,000 7,000 To Net Profit cld 75,000 72,000 92,000 93,000 92,000 93,000