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Question 21 Chapter 13 of Class 12 Part – 2 – 2024
21. Prepare a common size statement of Profit and Loss of Suwidha company.
| Particular | 31st March 2016 ₹ | 31st March 2015 ₹ |
| Revenue from Operation | 8,00,000 | 8,40,000 |
| Other Income | 6,000 | 5,040 |
| Depreciation | 48,000 | 53,760 |
| Finance Cost | 32,000 | 30,240 |
| Income Tax | 40% | 40% |
common size statement of Profit and Loss of Suwidha company
| Particulars |
Note no. | 31st March, 2015 (A) (3) |
31st March, 2016 (B) (4) |
Percentage Change (Increase /Decrease) |
Percentage Change (Increase/ Decrease) |
|---|---|---|---|---|---|
| I. Income | |||||
| Revenue from Operation | 8,40,000 | 8,00,000 | 100.00% | 100.00% | |
| Other Income | 5,040 | 6,000 | 0.60% | 0.75% | |
| Total Revenue | 8,45,040 | 8,06,000 | 100.60% | 100.75% | |
| II. Expenses | |||||
| Depreciation | 5,37,600 | 4,80,000 | 64.00% | 60.00% | |
| Finance Cost | 30,240 | 32,000 | 3.6% | 4.00% | |
| Total Expenses | 5,67,840 | 5,12,000 | 67.60% | 64.00% | |
| III. Net Profit Before Tax (I-II) | 2,77,200 | 2,94,000 | 33.00% | 36.75% | |
| Less: Tax @40% | 1,10,880 | 1,17,000 | 13.20% | 14.70% | |
| IV. Net Profit After Tax | 1,66,320 | 1,76,400 | 19.80% | 22.05% |
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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