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Question 27 Chapter 13 of Class 12 Part – 2 – 2024
Trend Percentage
27. Convert the following Comparative Income Statement into Trend Percentage Statement.
Deepak Industries Ltd.
| Income Statement for the year ending 31st March | |||
| Particular | 2013 | 2014 | 2015 |
| Revenue from Operation | 2,00,000 | 1,75,000 | 1,50,000 |
| Purchase of Stock | 1,00,000 | 90,000 | 85,000 |
| Gross Profit | 1,00,000 | 85,000 | 65,000 |
| Employees Benefit Expenses | 75,000 | 65,000 | 50,000 |
| Net Profit before Tax | 25,000 | 20,000 | 15,000 |
| Income tax | 12,000 | 10,000 | 8,000 |
| Net profit after tax | 13,000 | 10,000 | 7,000 |
Trend Percentage Base Year 2012 = 100
| Particulars |
Percentage of Figures |
||
|---|---|---|---|
| 2013 | 2014 | 2015 | |
| Revenue from Operation | 100% | 88% | 75% |
| Purchase of Stock | 100% | 90% | 85% |
| Gross Profit | 100% | 85% | 65% |
| Employees Benefit Expenses | 100% | 87% | 67% |
| Net Profit before Tax | 100% | 80% | 60% |
| Income tax | 100% | 83% | 67% |
| Net profit after tax | 100% | 77% | 54% |
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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