Question

Prepare a common size statement of profit & loss from the following:

Particulars	Note No.	31.3.2022	31.3.2021
Revenue from Operations		40,00,000	42,00,000
Other Income		30,000	25,200
Finance Costs		24,00,000	26,88,000
Other Expenses		l,60,000	l,51,200
Income Tax (40%)

Answer 1

Common-Size Statement of Profit & Loss for the years ended 31st March, 2022 and 2021
Particulars	Note No.	Absolute Amounts		Percentage of Revenue from Operations
		31.3.2022 (₹)	31.3.2021 (₹)	31.3.2022 (%)	31.3.2021 (%)
I. Revenue from Operations		40,00,000	42,00,000	100.00	100.00
II. Other Income		30,000	25,200	0.75	0.60
III. Total Income (I + II)		40,30,000	42,25,000	100.75	100.60
IV. Less: Expenses
Finance Costs		24,00,000	26,88,000	60.00	64.00
Other Expenses		l,60,000	l,51,200	4.00	3.60
Total Expenses		25,60,000	28,39,200	64.00	67.6
V. Profit Before Tax (III − IV)		14,70,000	13,86,000	36.75	33.00
VI. Less: Tax		5,88,000	5,54,000	14.70	13.20
VII. Profit after Tax (V − VI)		8,82,000	8,31,600	22.05	19.80