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प्रश्न
From the following particulars prepare a common size profit and loss:
| Particulars | 31-3-2023 | 31-3-2024 |
| Revenue from Operations (% of Other Income) | 250% | 200% |
| Other Income | 8,00,000 | 12,00,000 |
| Cost of Materials Consumed (% of Revenue from Operations) | 50% | 60% |
| Other Exp. (% of Cost of Materials) | 10% | 25% |
| Tax Rate | 40% | 40% |
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उत्तर
| Common Size Statements of Profit and Loss for the years ended 31st March 2024 and 2023 |
|||||
| Particulars | Note No. |
Absolute Amounts | Percentage of Revenue from Operations |
||
| 31-3-2024 (₹) |
31-3-2023 (₹) |
31-3-2024 (%) |
31-3-2023 (%) |
||
| I. Revenue from operations | 24,00,000 | 20,00,000 | 100.00 | 100.00 | |
| II. Add: Other Income | 12,00,000 | 8,00,000 | 50.00 | 40.00 | |
| III. Total Income (I + II) | 36,00,000 | 28,00,000 | 150.00 | 140.00 | |
| IV. Less: Expenses | |||||
| Cost of Materials Consumed | 14,40,000 | 10,00,000 | 60.00 | 50.00 | |
| Other Expenses | 3,60,000 | 1,00,000 | 15.00 | 5.00 | |
| Total Expenses | 18,00,000 | 11,00,000 | 75.00 | 55.00 | |
| V. Profit Before Tax (III − IV) | 18,00,000 | 17,00,000 | 75.00 | 85.00 | |
| VI. Less: Tax | 7,20,000 | 6,80,000 | 30.00 | 34.00 | |
| VII. Profit After Tax (V − VI) | 10,80,000 | 10,20,000 | 45.00 | 51.00 | |
Working Note:
1. Calculate Revenue from Operations:
For year 31-03-2024:
Revenue from Operations = 200% of ₹ 12,00,000
= ₹ 12,00,000 × 2 = ₹ 24,00,000
For year 31-03-2023:
Revenue from Operations = 250% of ₹ 8,00,000
= ₹ 8,00,000 × 2.5 = ₹ 20,00,000
2. Calculate Cost of Materials Consumed:
For year 31-03-2024:
Cost of Materials Consumed = 60% of ₹ 24,00,000
= ₹ 24,00,000 × 0.6 = ₹ 14,40,000
For year 31-03-2023:
Cost of Materials Consumed = 50% of ₹ 20,00,000
= ₹ 20,00,000 × 0.5 = ₹ 10,00,000
3. Calculate Other Expenses:
For year 31-03-2024:
Other Expenses = 25% of ₹ 14,40,000
= ₹ 14,40,000 × 0.25 = ₹ 3,60,000
For year 31-03-2023:
Other Expenses = 10% of ₹ 10,00,000
= ₹ 10,00,000 × 0.1 = ₹ 1,00,000
