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प्रश्न
Prepare a common size statement of profit & loss from the following:
| Particulars | Note No. |
31.3.2022 (₹) |
31.3.2021 (₹) |
| Revenue from Operations | 48,00,000 | 30,00,000 | |
| Purchase of Stock in Trade | 32,64,000 | 21,00,000 | |
| Changes in Inventories | (1,92,000) | (90,000) | |
| Other Expenses | 3,36,000 | 1,50,000 | |
| Other Income | 72,000 | 60,000 | |
| Income Tax (40%) |
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उत्तर
| Common Size Statement of Profit & Loss for the year ended 31st March 2022 and 2021 |
|||||
| Particulars | Note No. |
Absolute Amount | Percentage of Revenue from Operations |
||
| 31.3.2022 (₹) |
31.3.2021 (₹) |
31.3.2022 (%) |
31.3.2021 (%) |
||
| I. Revenue from Operations | 48,00,000 | 30,00,000 | 100.00 | 100.00 | |
| II. Other Income | 72,000 | 60,000 | 1.50 | 2.00 | |
| III. Total Income (I + II) | 48,72,000 | 30,60,000 | 101.50 | 102.00 | |
| IV. Less: Expenses: | |||||
| Purchase of Stock in Trade | 32,64,000 | 21,00,000 | 68.00 | 70.00 | |
| Changes in Inventories | (1,92,000) | (90,000) | (4) | (3) | |
| Other Expenses | 3,36,000 | 1,50,000 | 7.00 | 5.00 | |
| Total Expenses | 34,08,000 | 21,60,000 | 71.00 | 72.00 | |
| V. Profit Before Tax (III − IV) | 14,64,000 | 9,00,000 | 30.50 | 30.00 | |
| VI. Less: Tax | 5,85,600 | 3,60,000 | 12.20 | 12.00 | |
| VII. Profit After Tax (V − VI) | 8,78,000 | 5,40,000 | 18.30 | 18.00 | |
Working Note:
1. Total Income:
Total Income = Revenue from Operations + Other Income
31.3.2022: ₹ 48,00,000 + ₹ 72,000 = ₹ 48,72,000
31.3.2021: ₹ 30,00,000 + ₹ 60,000 = ₹ 30,60,000
2. Cost of Goods Sold:
COGS = Purchase of Stock in Trade − Changes in Inventories
31.3.2022: ₹ 32,64,000 − ₹ (− 1,92,000) = ₹ 34,56,000
31.3.2021: ₹ 21,00,000 − ₹ (−90,000) = ₹ 21,90,000
3. Total Expenses:
Total Expenses = COGS + Other Expenses
31.3.2022: ₹ 34,56,000 + ₹ 3,36,000 = ₹ 37,92,000
31.3.2021: ₹ 21,90,000 + ₹ 1,50,000 = ₹ 23,40,000
4. Profit Before Tax:
Profit Before Tax = Total Income − Total Expenses
31.3.2022: ₹ 48,72,000 − ₹ 37,92,000 = ₹ 10,80,000
31.3.2021: ₹ 30,60,000 − ₹ 23,40,000 = ₹ 7,20,000
5. Income Tax (40%):
31.3.2022: ₹ 10,80,000 × 40% = ₹ 4,32,000
31.3.2021: ₹ 7,20,000 × 40% = ₹ 2,88,000
6. Profit After Tax:
Profit After Tax = PBT − Income Tax
31.3.2022: ₹ 10,80,000 − ₹ 4,32,000 = ₹ 6,48,000
31.3.2021: ₹ 7,20,000 − ₹ 2,88,000 = ₹ 4,32,000
