Question 25 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
Prepare a common size income statement from the following and interpret the same.
| Particulars |
2022 | 2021 |
| Revenue from operation | 1,50,000 | 2,00,000 |
| Other income | 10,000 | 10,000 |
| Cost of material consumed | 1,70,000 | 1,40,000 |
| Finance cost | 20,000 | 16,000 |
| Other expenses | 10,000 | 14,000 |
| Income tax | 40% of profit | 50% of profit |
The solution of Question 25 Chapter 6 – Unimax Publication Class 12 Part 2- 2021 : –
Common Size Income statement
For the Year 31-3- 2021 & 31-3-2022
| Particulars |
31-3-2021 |
Percentage | 31-3-2022 | Percentage |
| 1.Revenue form operation | 2,00,000 | 100 | 1,50,000 | 100.0 |
| 2. Add other income | 10,000 | 5 | 10,000 | 6.67 |
| 3. Total revenue | 2,10,000 | 105 | 1,60,000 | 106.67 |
| 4. Less expenses: | ||||
| (a) Cost of Material | 1,40,000 | 70 | 1,70,000 | 113.33 |
| (b) Finance cost consumed | 16,000 | 8 | 20,000 | 13.33 |
| (c) Other expenses | 14,000 | 7 | 10,000 | 6.67 |
| 4.Total expenses | 1,70,000 | 85 | 2,00,000 | 133.33 |
| 5.Profit before tax (3-4) | 40,000 | 20 | (40,000) | (26.67) |
| 6.Less tax` | 20,000 | 10 | Nil | Nil |
| 7.Profit after tax (5-6) | 20,000 | 10 | (40,000) | (26.67) |
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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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