Question

Prepare Common-size Statement of Profit and Loss from the following Statement of Profit and Loss:

Particulars ulars	Note No.	31st March, 2018 (₹)
I. Income
Revenue from Operations		15,00,000
Other Income		60,000
Total Revenue		15,60,000
II. Expenses
Purchases of Stock-in-Trade		7,50,000
Change in Inventories of Stock-in-Trade		50,000
Other Expenses		2,10,000
Total		10,10,000
III. Net Profit before Tax (I-II)		5,50,000

Answer 1

Common Size Income Statement for the year ended March 31, 2018
Particulars	Absolute Amount (Rs)	Percentage of Revenue of Revenue from Operations (%)
I. Revenue from Operations	15,00,000	100.00
II. Other Incomes	60,000	4.00
Total Revenue (I +II)	15,60,000	104.00
IV. Expenses
a. Purchases of Stock-in-Trade	7,50,000	50.00
b. Change in Inventories of Stock-in-Trade	50,000	3.33
c. Other Expenses	2,10,000	14.00
Profit before Income Tax	5,50,000	36.67
Less: Income Tax	–	–
Profit after Income Tax	5,50,000	36.67