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Question
Prepare a common size statement of profit & loss from the following:
| Particulars | Note No. |
2022-23 (₹) |
2021-22 (₹) |
| Revenue from Operations | 14,00,000 | 10,00,000 | |
| Cost of Materials Consumed | 8,40,000 | 6,50,000 | |
| Finance Costs | 1,40,000 | 80,000 | |
| Other Expenses | 70,000 | 60,000 |
Ledger
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Solution
| Common Size Statement of Profit & Loss for the year ended 31st March 2023 and 2022 |
|||||
| Particulars | Note No. |
Absolute Amounts | Percentage of Revenue from operations |
||
| 2022-23 (₹) |
2021-22 (₹) |
2022-23 (%) |
2021-22 (%) |
||
| I. Revenue from Operations | 14,00,000 | 10,00,000 | 100 | 100 | |
| II. Less: Expenses | |||||
| Cost of Materials Consumed | 8,40,000 | 6,50,000 | 60 | 65 | |
| Finance Costs | 1,40,000 | 80,000 | 10 | 8 | |
| Other Expenses | 70,000 | 60,000 | 5 | 6 | |
| Total Expenses | 10,50,000 | 7,90,000 | 75 | 79 | |
| III. Profit after Tax (I − II) | 3,50,000 | 2,10,000 | 25 | 21 | |
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