Question

Prepare a common size statement of profit & loss from the following for the year ended 31st March 2022:

Particulars	Note No.	₹
Revenue from Operations		15,00,000
Cost of Materials Consumed		7,50,000
Other Expenses		2,10,000
Interest on Investments		60,000
Tax Payable @ 40%

Answer 1

Common Size Statement of Profit & Loss for the year ended 31st March 2022
Particulars	Note No.	Absolute Amount (₹)	Percentage to Revenue from Operations (%)
I. Revenue from Operations		15,00,000	100.00
II. Other Income		60,000	4.00
III. Total Income (I + II)		15,60,000	104.00
IV. Less: Expenses
Cost of Materials Consumed		7,50,000	50.00
Other Expenses		2,10,000	14.00
Total Expenses		9,60,000	64.00
V. Profit before Income Tax (III − IV)		6,00,000	40.00
VI. Less: Tax		2,40,000	16.00
VII. Profit after Tax (V − VI)		3,60,000	24.00