# Question 25 Chapter 6-Unimax Publication Class 12 Part 2 – 2021

Question No 25 Chapter No -6 Unimax Class - 12 Part - II

Question 25 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021

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)

Comment if you have any Doubts.

Comparative Statements – Balance Sheet & Profit and Loss