Question 29 Chapter 2 VK Publications Class 12 Part 2 – 2021
Table of Contents
29. Prepare a Common Size Income Statement from the following information:
| Particulars | 31st March2018 (Rs.) | 31st March2017 (Rs.) | |
| Revenue from Operations | 40,00,000 | 42,00,000 | |
| Cost of Material Consumed | 24,00,000 | 26,88,000 | |
| Other Expenses | 1,60,000 | 1,51,200 | |
| Income Tax | 5,60,000 | 5,46,000 | |
The solution of Question 29 Chapter 2 VK Publications Class 12 Part 2: –
Common Size Balance Sheet Statement For the years ended 31st March,2017 and 2018
| Particulars | Note | Absolute Amounts | Percentage of the Balance sheet Total | ||
| 31.03.2017. | 31.03.2018. | 31.03.2017. | 31.03.2018. | ||
| Rs. | Rs. | % | % | ||
| I. Revenue from Operations | 42,00,000 | 40,000 | 100 | 100 | |
| II. Expenses | |||||
| Cost of Material Consumed | 26,88,000 | 24,00,000 | 64.00 | 60.00 | |
| Other Expense | 1,51,200 | 1,60,000 | 3.6 | 4.00 | |
| Total Expense | 28,39,200 | 25,60,000 | 67.6 | 64.00 | |
| III. Profit before Tax (I-II) | 13,60,800 | 14,40,000 | 32.4 | 36.00 | |
| IV. Less: Income Tax | 5,46,000 | 5,60,000 | 13.00 | 14.00 | |
| V. Profit after Tax (III-IV) | 8,14,800 | 8,80,000 | 19.40 | 22.00 | |
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)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication