Advertisement
Question 31 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021
Advertisement
Table of Contents
Prepare common size income statement:
| Particulars | 2021 | 2022 |
| Revenue from operation(sales) | 2,50,000 | 2,50,000 |
| Cost of goods sold | 60% of sales | 50% of sales |
| Operating expenses | 30,000 | 40,000 |
| Income tax rate | 50% | 50% |
The solution of Question 31 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021 : –
Common Size Income statement
| Particulars | note no | 2021 | Percentage | 2022 | Percentage |
| Revenue form operation | 2,50,000 | 100.00 | 2,50,000 | 100.00 | |
| Add other income | |||||
| Total revenue | 2,50,000 | 100.00 | 2,50,000 | 100.00 | |
| Less expenses | |||||
| Cost of goods sold | 1,50,000 | 60.00 | 1,25,000 | 50.00 | |
| Operating expenses | 30,000 | 12.00 | 40,000 | 16.00 | |
| Total expenses | 1,80,000 | 72.00 | 1,65,000 | 66.00 | |
| Net Profit before tax | 70,000 | 28.00 | 85,000 | 34.00 | |
| Less income tax | 35,000 | 14.00 | 42,500 | 17.00 | |
| 35,000 | 14.00 | 42,500 | 17.00 |
Thanks, Please Like and share with your friends
Comment if you have any Doubts.
Advertisement-X
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
Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication
Advertisement-X