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प्रश्न
From the following data, prepare a common size statement of profit and loss of Nicholson Ltd.
| Particulars | 31.03.2015 | 31.03.2014 |
| Revenue from Operations | ₹ 6,00,000 | ₹ 4,00,000 |
| Cost of Materials consumed | 60% of revenue from operations | 50% of revenue from operations |
| Finance Cost | ₹ 10,00,000 | ₹ 8,00,000 |
| Tax Rate | 40% of profit before tax | 40% of profit before tax |
खातेवही
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उत्तर
| Common Size Statement of Profit and Loss of Nicholson Ltd. for the years ended 31.3.15 and 31.3.14 |
|||||
| Particulars | Note No. |
Absolute Amount | % of Revenue from Operations |
||
| 31.3.2015 (₹) |
31.3.2014 (₹) |
31.3.2015 (%) |
31.3.2014 (%) |
||
| I. Revenue from Operation | 6,00,000 | 4,00,000 | 100.00 | 100.00 | |
| II. Less: Expenses: | |||||
| Cost of Materials consumed | 3,60,000 | 2,00,000 | 60.00 | 50.00 | |
| Finance cost | 10,000 | 8,000 | 1.67 | 2.00 | |
| Total Expenses | 3,70,000 | 2,08,000 | 61.67 | 52.00 | |
| III. Profit before Tax (I − II) | 2,30,000 | 1,92,000 | 38.33 | 48.00 | |
| IV. Less: Tax | 92,000 | 76,800 | 15.33 | 19.20 | |
| V. Profit after Tax (III − IV) | 1,38,000 | 1,15,200 | 23.00 | 28.80 | |
Working Note:
(1) Cost of Materials Consumed
31st March, 2015:
= 60% of ₹ 6,00,000
= ₹ 3,60,000
31st March, 2014:
= 50% of ₹ 4,00,000
= ₹ 2,00,000
(2) Profit before Tax
31st March, 2015:
= Revenue – (Cost of Materials + Finance Cost)
= ₹ 6,00,000 – (₹ 3,60,000 + ₹ 10,000)
= ₹ 2,30,000
31st March, 2014:
= Revenue – (Cost of Materials + Finance Cost)
= ₹ 4,00,000 – (₹ 2,00,000 + ₹ 8,000)
= ₹ 1,92,000
(3) Tax (40% of Profit before Tax)
31st March, 2015:
= 40% of ₹ 2,30,000
= ₹92,000
31st March, 2014:
= 40% of ₹ 1,92,000
= ₹ 76,800
(4) Profit after Tax
31st March, 2015:
= ₹ 2,30,000 – ₹ 92,000
= ₹ 1,38,000
31st March, 2014:
= ₹1,92,000 – ₹76,800
= ₹1,15,200
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