Question 27 Chapter 2 VK Publications Class 12 Part 2 – 2021

Question no. 27 VK Publications
Question no. 27 VK Publications

Question 27 Chapter 2 VK Publications Class 12 Part 2 – 2021

27. From the following Income Statement, prepare a Common Size Income Statement of Jayant Ltd. for the year ended 31st March, 2018:

Particulars (Rs.)
I. Revenue from Operations   25,00,000
II. Other Incomes   38,000
III. Total Revenue   25,38,000
IV. Expenses:    
Cost of Materials Consumed   14,00,000
Other Expenses   5,00,000
Total Expenses   19,00,000
V. Tax   3,38,000

The solution of Question 27 Chapter 2 VK Publications Class 12 Part 2: –

Common Size Balance Sheet Statement For the years ended 31st March, 2018

Particulars Note Absolute Amounts Percentage of the Balance sheet Total
       
    Rs. %
       
I. Revenue from Operations   25,000 100.00
II. Other income   38,000 1.52
III. Total Revenue from Operations (I+II)   25,38,000 101.52
IV. Expenses      
Cost of Material Consumed   14,00,000 56.00
Other Expense   5,00,000 20.00
Total Expense   19,00,000 76.00
V. Profit before Tax (III-IV)   6,38,000 25.52
VI. Less: Tax   3,68,000 13.52
VII. Profit after Tax (V-VI)   3,00,000 12.00

Financial Statement Analysis and its tools or Techniques

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

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