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Question 20 Chapter 13 of Class 12 Part – 2 – 2024
Common Size Balance Sheet
20. Prepare a common size statement of Profit and Loss.
| Particular | 31st March 2017 ₹ | 31st March 2018 ₹ |
| I. Income | ||
| Revenue from Operation | 7,00,000 | 5,00,000 |
| Other Income | 50,000 | 30,000 |
| Total Revenue | 7,50,000 | 5,30,000 |
| II. Expenses | ||
| Purchases of Goods | 4,00,000 | 3,50,000 |
| Employees Benefit Expenses | 1,20,000 | 80,000 |
| Other Expenses | 40,000 | 10,000 |
| Total Expenses | 5,60,000 | 4,40,000 |
| III. Net Profit Before Tax (I-II) | 1,90,000 | 90,000 |
Comparative Statement of Profit & Loss
| Particulars |
Note no. | 31st March, 2017 (A) (3) |
31st March, 2018 (B) (4) |
Percentage Change (Increase /Decrease) |
Percentage Change (Increase/ Decrease) |
|---|---|---|---|---|---|
| I. Income | |||||
| Revenue from Operation | 5,00,000 | 7,00,000 | 100.00% | 100.00% | |
| Other Income | 30,000 | 50,000 | 6.00% | 7.14% | |
| Total Revenue | 5,30,000 | 7,50,000 | 106.00% | 107.14% | |
| II. Expenses | |||||
| Purchases of Goods | 3,50,000 | 4,00,000 | 70.00% | 57.14% | |
| Employees Benefit Expenses | 80,000 | 1,20,000 | 16.00% | 17.14% | |
| Other Expenses | 10,000 | 40,000 | 2.00% | 5.72% | |
| Total Expenses | 4,40,000 | 5,60,000 | 88.00% | 80.00% | |
| III. Net Profit Before Tax (I-II) | 90,000 | 1,90,000 | 18.00% | 27.14% |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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