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Question 23 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021
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Table of Contents
Prepare a common size income statement of profit from the following information:
| Particulars | 2021 | 2022 |
| Revenue from operation | 30,00,000 | 24,00,000 |
| Purchases of stock in trade | 20,00,000 | 14,00,000 |
| Changes in inventories | 3,00,000 | 2,00,000 |
| Other expenses | 16% of revenue form operation | 20% of revenue form operation |
The solution of Question 23 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 | 30,00,000 | 100.00 | 24,00,000 | 100.00 | |
| Add other income | – | – | – | – | |
| Total revenue | 30,00,000 | 100.00 | 24,00,000 | 100.00 | |
| Less expenses | |||||
| Purchases of stock in trade | 20,00,000 | 66.67 | 14,00,000 | 58.33 | |
| Change in inventories | 3,00,000 | 10.00 | 2,00,000 | 8.33 | |
| Other exp. | 4,80,000 | 16.00 | 4,80,000 | 20.00 | |
| Total expenses | 27,80,000 | 92.67 | 20,80,000 | 86.66 | |
| Net Profit before tax | 2,20,000 | 7.33 | 3,20,000 | 13.34 |
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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
Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication
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