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प्रश्न
Prepare a common size statement of profit and loss of Vegas Ltd. from the following information:
| Particulars | 2023-24 (₹) |
2022-23 (₹) |
| Revenue from Operations | 40,00,000 | 30,00,000 |
| Gross Profit | 55% | 60% |
| Employee Benefit Expenses | 8,00,000 | 6,00,000 |
| Other Expenses | 1,20,000 | 1,20,000 |
| Tax Rate | 30% | 35% |
खातेवही
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उत्तर
| Common Size Statement of Profit & Loss of Vegas Ltd. for the years ended 31st March, 2024 and 2023 |
|||||
| Particulars | Note No. |
Absolute Amounts | % on Revenue from Operations |
||
| 2023-24 (₹) |
2022-23 (₹) |
2023-24 (%) |
2022-23 (%) |
||
| I. Revenue from Operations | 40,00,000 | 30,00,000 | 100.00 | 100.00 | |
| II. Less: Expenses: | |||||
| Cost of revenue from operations | 18,00,000 | 12,00,000 | 45.00 | 40.00 | |
| Employee Benefit Expenses | 8,00,000 | 6,00,000 | 20.00 | 20.00 | |
| Other Expenses | 1,20,000 | 1,20,000 | 3.00 | 4.00 | |
| Total Expenses | 27,20,000 | 19,20,000 | 68.00 | 64.00 | |
| III. Profit Before Tax (I − II) | 12,80,000 | 10,80,000 | 32.00 | 36.00 | |
| IV. Less: Tax | 3,84,000 | 3,78,000 | 9.60 | 12.60 | |
| V. Profit After Tax (III − IV) | 8,96,000 | 7,02,000 | 22.40 | 23.40 | |
Working Note:
Cost of Revenue from Operations = Revenue from Operations − Gross Profit
Cost % for 2023-24 = 100% − 55% = 45%
Cost % for 2022-23 = 100% − 60% = 40%
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