Question

Prepare a common size statement of profit & loss from the following information of X Ltd.

Particulars	Note No.	31st March 2023 (₹)	31st March 2022 (₹)
Revenue from Operations		60,00,000	40,00,000
Purchase of Stock in Trade		43,20,000	30,40,000
Changes in Inventories		1,20,000	(80,000)
Other Incomes		1,50,000	60,000
Other Expenses		3,60,000	2,00,000

Answer 1

Common-Size Statement of Profit & Loss of X Ltd. for the years ended 31st March, 2023 and 2022
Particulars	Note No.	Absolute Amounts		Percentage of Revenue from Operations
		31st March 2023 (₹)	31st March 2022 (₹)	31st March 2023 (%)	31st March 2022 (%)
I. Revenue from Operations		60,00,000	40,00,000	100.00	100.00
II. Other Income		1,50,000	60,000	2.50	1.50
III. Total Income (I + II)		61,50,000	40,60,000	102.50	101.5
IV. Less: Expenses
Purchase of Stock in Trade		43,20,000	30,40,000	72.00	76.00
Changes in Inventories		1,20,000	(80,000)	2.00	(2.00)
Other Expenses		3,60,000	2,00,000	6.00	5.00
Total Expenses		48,00,000	31,60,000	80.00	79.00
V. Profit Before Tax (III − IV)		13,50,000	9,00,000	22.5	22.5