0
0 Comments

Prepare Common-Size Statement of Profit & Loss from the following Statement of Profit & Loss:

 

Particulars Note. No. Year I (₹) Year II (₹)
I. Income      
Revenue from Operations (Net Sales)   14,00,000 16,00,000
II. Expenses      
Purchase of Stock in Trade   9,00,000 10,00,000
Change in Inventories of Stock in Trade   1,00,000 1,80,000
Finance Costs   80,000 80,000
Other Expenses   90,000 1,30,000
Total   11,70,000 13,90,000
III. Profit before Tax (I-II)   2,30,000 2,10,000
IV. Tax   40,000 36,000
V. Profit after Tax (III-IV)   1,90,000 1,74,000

 

[Ans.]

 

Particulars Year I (% of Revenue from Operations) Year II (% of Revenue from Operations)
Purchases of Stock-in-Trade 64.29 62.50
Change in Inventories 7.14 11.25
Finance Costs 5.71 5.00
Other Expenses 6.43 8.13
Profit before Tax 16.43 13.13
Profit after Tax 13.57 10.88
Anurag Pathak Changed status to publish January 14, 2025
Add a Comment