1. EXTRACT OF STATEMENT OF COMPRHENSIVE INCOME
2009 RE 2008
SALES 2,60,000 1,83,750
COST OF GOODS SOLD 2,00,000 1,50,000
PBIT 60,000 33,750
INCOME TAX 18,000 10,125
PROFIT AFTER TAX 42,000 23,625
EFFECT OF ERROR CORRECTION
DECREASE IN PROFIT 11,375
DECREASE IN INVENTORY 16,250
DECREASE IN INCOME TAX 4,875
DECREASE IN EQUITY 11,375