Question 22 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
From the following information relating to Ruby Ltd. prepare a common size income statement.
| Particulars |
2021 | 2022 |
| Sales (revenue from operation) | 60,000 | 90,000 |
| Material consumed | 30,000 | 48,000 |
| Manufacturing office & selling | 20,000 | 28,000 |
| Income tax | 50% of profit | 50% of profit |
The solution of Question 22 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021 : –
Common Size Income statement
For the Year 2021 & 2022
| Particulars |
note no | 2021 |
Percentage | 2022 | Percentage |
| Revenue form operation | 60,000 | 100.00 | 90,000 | 100.00 | |
| Add other income | – | – | – | – | |
| Total revenue | 60,000 | 100.00 | 90,000 | 100.00 | |
| Less expenses | |||||
| Material consumed | 30,000 | 50.00 | 48,00 | 53.33 | |
| Manuf. Off. & Selling exp. | 20,000 | 33.33 | 28,000 | 31.11 | |
| Total expenses | 50,000 | 83.33 | 28,000 | 84.44 | |
| Net Profit before tax | 10,0000 | 16.67 | 14,000 | 15.55 | |
| Less income tax | 5,000 | 8.33 | 7,000 | 7.78 | |
| Net Profit after tax | 5,000 | 8.33 | 7,000 | 7.78 |
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Comparative Statements – Balance Sheet & Profit and Loss
Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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