Question 21 Chapter 2 of +2-B

Common Size Balance Sheet

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%

## The solution of Question 21 Chapter 2 of +2-B: –

 Comparative Balance Sheet of Sun Ltd. Particulars Note no. 31st March,2015(A)(3) 31st March,2016(B)(4) Percentage Change (Increase/Decrease) PercentageChange (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 3.60% 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%

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –