# Question 26 Chapter 6-Unimax Publication Class 12 Part 2 – 2021

Question No 26 Chapter No -6 Unimax Class - 12 Part - II

Question 26 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021

Prepare common size statement of profit from the following information.

 Particulars 2022 2021 Revenue from operation 6,00,000 8,00,000 Office & Administrative exp. 1,40,000 34,500 Income tax rate 40% 40% Gross profit 30% 20%

## The solution of Question 26 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 6,00,000 100 8,00,000 100 Add other income – – – – Total revenue 6,00,000 100 8,00,000 100 Less expenses Office & Administrative exp. 1,40,000 23.33 34,500 4.3 Cost of goods sold 4,20,000 70.00 6,40,000 80.00 Total expense 5,60,000 93.33 6,74,500 84.31 Net Profit before tax 40,000 6.67 1,25,500 15.68 Less income tax 16,000 2.67 50,200 6.28 Net Profit after tax 24,000 4.00 75,300 9.41

Working Notes:

 2021 2022 Gross profit 30% of sales 20% of sales 6,00,000 x 30/100 20/100 x 8,00,00 = 1,80,000 = 1,60,000 Cost of goods sold Sales – G.P Sales – G.P 6,00,000 – 1,80,000 8,00,00 – 1,60,000 = 4,20,000 = 6,40,000

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Comparative Statements – Balance Sheet & Profit and Loss