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Question No 31 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Prepare common size income statement:
| Particulars |
2021 | 2022 |
|---|---|---|
| Revenue from operation(sales) | 2,50,000 | 2,50,000 |
| Cost of goods sold | 60% of sales | 50% of sales |
| Operating expenses | 30,000 | 40,000 |
| Income tax rate | 50% | 50% |
Common Size Income statement
| Particulars |
note no | 2021 |
Percentage | 2022 | Percentage |
|---|---|---|---|---|---|
| Revenue form operation | 2,50,000 | 100.00 | 2,50,000 | 100.00 | |
| Add other income | |||||
| Total revenue | 2,50,000 | 100.00 | 2,50,000 | 100.00 | |
| Less expenses | |||||
| Cost of goods sold | 1,50,000 | 60.00 | 1,25,000 | 50.00 | |
| Operating expenses | 30,000 | 12.00 | 40,000 | 16.00 | |
| Total expenses | 1,80,000 | 72.00 | 1,65,000 | 66.00 | |
| Net Profit before tax | 70,000 | 28.00 | 85,000 | 34.00 | |
| Less income tax | 35,000 | 14.00 | 42,500 | 17.00 | |
| 35,000 | 14.00 | 42,500 | 17.00 |
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.
This guide covers "Question No 31 Chapter 6 – UNIMAX Class 12 Part 2 – 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 12 Part 2 - 2023.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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