Prepare Common-Size Income Statement from the following Statement of Profit & Loss Revenue from Operations (Net Sales) ₹ 14,00,000
Prepare Common-Size Income Statement from the following Statement of Profit & Loss:
| Particulars | Year 1 (₹) | Year II (₹) |
|
I. Income Revenue from Operations (Net Sales) |
14,00,000 | 16,00,000 |
|
II. Expenses Purchase of Stock-in-Trade Change in Inventories of Stock-in-Trade Depreciation and Amortisation Expense Other Expenses |
9,00,000 1,00,000 80,000 90,000 |
12,00,000 (20,000) 80,000 1,30,000 |
| Total | 11,70,000 | 13,90,000 |
|
III. Profit before Tax (I – II) IV. Less: Tax |
2,30,000 40,000 |
2,10,000 36,000 |
| V. Profit after Tax (III – IV) | 1,90,000 | 1,74,000 |
Anurag Pathak Changed status to publish March 24, 2024
