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प्रश्न
Prepare a common size income statement from the following:
| Particulars | 31.3.2017 | 31.3.2016 |
| Revenue from Operations | ₹ 4,00,000 | ₹ 3,00,000 |
| Expenses | 50% of revenue from operations | 60% of revenue from operations |
Interest on investments ₹ 10,000 and taxes payable @ 40% for both the years.
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उत्तर
| Common size Income statement for the year ended 31.3.2017 and 31.3.2016 |
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| Particulars | 31.3.2017 (₹) |
% of Revenue from Operations (2017) |
31.3.2016 (₹) |
% of Revenue from Operations (2016) |
| Revenue from Operations | 4,00,000 | 100.00 | 3,00,000 | 100.00 |
| Less: Expenses | 2,00,000 | 50.00 | 1,80,000 | 60.00 |
| Interest on Investments | 10,000 | 2.50 | 10,000 | 3.33 |
| Total Expenses | 2,10,000 | 52.50 | 1,90,000 | 63.33 |
| Profit Before Tax | 1,90,000 | 47.50 | 1,10,000 | 36.67 |
| Less: Tax | 76,000 | 19.00 | 44,000 | 14.67 |
| Profit After Tax | 1,14,000 | 28.50 | 66,000 | 22.00 |
Working Note:
(1) Expenses:
31.3.2017:
= 50% of ₹ 4,00,000
= ₹ 2,00,000
31.3.2016:
= 60% of ₹ 3,00,000
= ₹ 1,80,000
(2) Total Expenses:
Total Expenses = Operating Expenses + Interest
31.3.2017:
= ₹ 2,00,000 + ₹ 10,000
= ₹ 2,10,000
31.3.2016:
= ₹ 1,80,000 + ₹ 10,000
= ₹ 1,90,000
(3) Profit Before Tax:
Profit Before Tax = Revenue – Total Expenses
31.3.2017:
= ₹ 4,00,000 – ₹ 2,10,000
= ₹ 1,90,000
31.3.2016:
= ₹ 3,00,000 – ₹ 1,90,000
= ₹ 1,10,000
(4) Tax (40%)
31.3.2017:
= 40% of ₹ 1,90,000
= ₹ 76,000
31.3.2016:
= 40% of ₹ 1,10,000
= ₹ 44,000
(5) Net Profit After Tax:
31.3.2017:
= ₹ 1,90,000 – ₹ 76,000
= ₹ 1,14,000
31.3.2016:
= ₹ 1,10,000 – ₹ 44,000
= ₹ 66,000
