From the following data, prepare a Common Size Statement of Profit and Loss of Raj Ltd. :
| Particulars | 31-3-2023 | 31-3-2022 |
|---|---|---|
| Revenue from operations | Rs.1,50,000 | Rs.1,00,000 |
| Expenses | Rs.60,000 | Rs. 50,000 |
| Other incomes | Rs.18,000 | Rs. 20,000 |
| Tax | 50% | 40% |
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →Taking Revenue from Operations as 100% in each year, Total Revenue, Expenses, Profit before Tax, Tax and Profit after Tax are each expressed as a percentage of it.
31-3-2023:
Revenue from Operations = 1,50,000 → 100%
Other Income = 18,000 → 18,000/1,50,000 × 100 = 12%
Total Revenue = 1,68,000 → 112%
Expenses = 60,000 → 40%
Profit before Tax = 1,68,000 − 60,000 = 1,08,000 → 72%
Tax @ 50% = 54,000 → 36%
Profit after Tax = 1,08,000 − 54,000 = 54,000 → 36%
31-3-2022:
Revenue from Operations = 1,00,000 → 100%
Other Income = 20,000 → 20%
Total Revenue = 1,20,000 → 120%
Expenses = 50,000 → 50%
Profit before Tax = 1,20,000 − 50,000 = 70,000 → 70%
Tax @ 40% = 28,000 → 28%
Profit after Tax = 70,000 − 28,000 = 42,000 → 42%
Common Size Statement of Profit and Loss of Raj Ltd.:
| Particulars | 31-3-2023 (Rs.) | % of Revenue | 31-3-2022 (Rs.) | % of Revenue |
|---|---|---|---|---|
| Revenue from Operations | 1,50,000 | 100.00% | 1,00,000 | 100.00% |
| Add: Other Income | 18,000 | 12.00% | 20,000 | 20.00% |
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.