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प्रश्न
Prepare a ‘Common Size Statement of Profit and Loss’ of Neurosci Ltd. for the year ended 31st March, 2023 from the following information:
| Particulars | Note No. | 2022–23 (₹) | 2021–22 (₹) |
|---|---|---|---|
| Revenue from Operations | 40,00,000 | 20,00,000 | |
| Purchase of Stock in Trade | 4,00,000 | 2,00,000 | |
| Other Expenses | 40,00,000 | 20,000 | |
| Tax rate 50% |
खातेवही
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उत्तर
Common-Size Statement of Profit & Loss of Neurosci Ltd.(For the years ended 31st March, 2022 and 31st March, 2023)
| Common-Size Statement of Profit & Loss of Neurosci Ltd. (For the years ended 31st March, 2022 and 31st March, 2023) |
||||
|---|---|---|---|---|
| Particulars | Absolute Amount 2021–22 (₹) |
Absolute Amount 2022–23 (₹) |
Percentage of Revenue from Operations 2021–22 (%) |
Percentage of Revenue from Operations 2022–23 (%) |
| I. Revenue from Operations | 20,00,000 | 40,00,000 | 100.00% | 100.00% |
| II. Total Revenue | 20,00,000 | 40,00,000 | 100.00% | 100.00% |
| III. Less: Expenses | ||||
| (a) Purchase of Stock-in-Trade | 2,00,000 | 4,00,000 | 10.00% | 10.00% |
| (b) Other Expenses | 20,000 | 40,000 | 1.00% | 1.00% |
| Total Expenses (III) | 2,20,000 | 4,40,000 | 11.00% | 11.00% |
| IV. Profit before Tax (II - III) | 17,80,000 | 35,60,000 | 89.00% | 89.00% |
| V. Less: Tax @ 50% | 8,90,000 | 17,80,000 | 44.50% | 44.50% |
| VI. Profit after Tax (IV - V) | 8,90,000 | 17,80,000 | 44.50% | 44.50% |
Working Notes:
$$\text{Percentage} = \frac{\text{Amount of Individual Item}}{\text{Revenue from Operations}} \times 100$$
Purchase of Stock-in-Trade for 2021–22: $\frac{2,00,000}{20,00,000} \times 100 = 10.00\%$
Other Expenses for 2022–23: $\frac{40,000}{40,00,000} \times 100 = 1.00\%$
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