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Question 23 Chapter 6-Unimax Publication Class 12 Part 2 – 2021

Question No 23 Chapter No -6 Unimax Class - 12 Part - II
Question No 23 Chapter No -6 Unimax Class - 12 Part - II

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Question 23 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021

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Prepare a common size income statement of profit from the following information:

Particulars
20212022
 Revenue from operation30,00,00024,00,000
Purchases of stock in trade20,00,00014,00,000
Changes in inventories3,00,0002,00,000
Other expenses16% of revenue form operation20% 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  2022Percentage
Revenue form operation 30,00,000100.0024,00,000100.00
Add other income 
Total revenue 30,00,000100.0024,00,000100.00
Less expenses     
Purchases of stock in trade 20,00,000 66.6714,00,00058.33
Change in inventories 3,00,00010.002,00,0008.33
Other exp. 4,80,00016.004,80,00020.00
Total expenses 27,80,00092.6720,80,00086.66
Net Profit before tax 2,20,0007.333,20,00013.34

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Comparative Statements – Balance Sheet & Profit and Loss

Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution

Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution

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