Page No
3.37:
Question
21:
Prepare Common-size Statement of Profit and Loss from the
following Statement of Profit and Loss:
|
Particulars |
Note No. |
Year I ( `) |
Year II ( `) |
|
I. Income |
|
|
|
|
Revenue from Operations (Net Sales) |
|
14,00,000 |
16,00,000 |
|
II. Expenses |
|
|
|
|
Purchases of Stock-in-Trade |
|
9,00,000 |
10,00,000 |
|
Change in Inventories of Stock-in-Trade |
|
1,00,000 |
1,80,000 |
|
Finance Costs |
|
80,000 |
80,000 |
|
Other Expenses |
|
90,000 |
1,30,000 |
|
Total |
|
11,70,000 |
13,90,000 |
|
III. Net Profit (I-II) |
|
2,30,000 |
2,10,000 |
|
IV. Less: Tax |
|
40,000 |
36,000 |
|
V. Net Profit After Tax (III-IV) |
|
1,90,000 |
1,74,000 |
|
|
|
|
|
Answer:
|
Common Size Income Statement for the year ended….. |
||||
|
Particulars |
Absolute Amount (Rs) |
Percentage of Revenue (%) |
||
|
Year 1 |
Year II |
Year 1 |
Year II |
|
|
I. Revenue from Operations |
14,00,000 |
16,00,000 |
100.00 |
100.00 |
|
II.
Expenses |
|
|
|
|
|
a. Purchases of
Stock-in-Trade |
9,00,000 |
10,00,000 |
64.28 |
62.5 |
|
b. Change
in Inventories of Stock-in-Trade |
1,00,000 |
1,80,000 |
7.14 |
11.25 |
|
c. Finance Cost |
80,000 |
80,000 |
5.71 |
5.00 |
|
d. Other Expenses |
90,000 |
1,30,000 |
6.43 |
8.12 |
|
Profit before Income Tax |
2,30,000 |
2,10,000 |
16.43 |
13.13 |
|
Less: Income Tax |
40,000 |
36,000 |
2.84 |
2.25 |
|
Profit after Income Tax |
1,90,000 |
1,74,000 |
13.57 |
10.88 |
|
|
|
|
|
|
Page No 3.37:
Question 22: Prepare a Common-size Statement of Profit and
Loss of Hari Darshan Ltd' from the following
information:
|
Particulars |
Note No. |
2018-19 (`) |
2017-18 (`) |
|
Revenue from Operations |
|
20,00,000 |
10,00,000 |
|
Purchase of Stock-in-Trade |
|
7,70,000 |
4,20,000 |
|
Changes in Inventories |
|
1,20,000 |
80,000 |
|
Other Expenses |
|
52,000 |
30,000 |
|
Other Incomes |
|
60,000 |
50,000 |
|
Tax Rate 50% |
|
|
|
(Delhi 2019 C)
Answer:
|
Common-Size Statement of
Profit and Loss as at 31st March, 2019 |
|||||
|
Particulars |
Note No. |
Absolute Amounts |
Percentage of Revenue from Operation (Net Sales) |
||
|
|
31st March, 2018
(`) |
31st March, 2019 (`) |
% 31st March, 2018
(`) |
% 31st March, 2019 (`) |
|
|
Revenue from Operations |
|
10,00,000 |
20,00,000 |
100 |
100 |
|
Other Incomes |
|
50,000 |
60,000 |
5 |
3 |
|
Total
Revenue |
|
10,50,000 |
20,60,000 |
105 |
103 |
|
Expenses |
|
|
|
|
|
|
Purchase of Stock-in-Trade |
|
4,20,000 |
7,70,000 |
42 |
38.5 |
|
Changes in Inventories |
|
80,000 |
1,20,000 |
8 |
6 |
|
Other Expenses |
|
30,000 |
52,000 |
3 |
2.6 |
|
Total
Expenses |
|
5,30,000 |
9,42,000 |
53 |
47.1 |
|
Profit
before Tax |
|
5,20,000 |
11,18,000 |
52 |
55.9 |
|
Less: Tax 50% |
|
2,60,000 |
5,59,000 |
26 |
27.95 |
|
Profit
after Tax |
|
2,60,000 |
5,59,000 |
26 |
27.95 |
Page No 3.37:
Question 23:
Prepare Common-size Statement of Profit and Loss from the following information:
|
Particulars |
31st March, 2021 (`) |
March, 2020 (`) |
|
Revenue from Operations |
25,00,000 |
20,00,000 |
|
Other Income |
1,00,000 |
50,000 |
|
Cost of Materials Consumed |
15,00,000 |
10,00,000 |
|
Employees Benefit Expenses |
3,00,000 |
2,00,000 |
|
Other Expenses |
4,50,000 |
3,50,000 |
Additional Information: Other expenses include Provision for Tax of `2,00,000 for the year ending 31st March, 2020 and `2,50,000 for the year ending 31st March, 2021.
Answer:
|
Common-Size Statement of
Profit and Loss as at 31st March, 2021 |
|||||
|
Particulars |
Note No. |
Absolute Amounts |
Percentage of Revenue from Operation (Net Sales) |
||
|
|
31st March, 2020
(`) |
31st March, 2021 (`) |
% 31st March, 2020
(`) |
% 31st March, 2021 (`) |
|
|
Revenue from Operations |
|
20,00,000 |
25,00,000 |
100 |
100 |
|
Other Income |
|
50,000 |
1,00,000 |
2.5 |
4 |
|
Total
Revenue |
|
20,50,000 |
26,00,000 |
102.5 |
104 |
|
Expenses |
|
|
|
|
|
|
Cost of Materials Consumed |
|
10,00,000 |
15,00,000 |
50 |
60 |
|
Employees Benefit Expenses |
|
2,00,000 |
3,00,000 |
10 |
12 |
|
Other Expenses |
|
1,50,000 |
2,00,000 |
7.5 |
8 |
|
Total
Expenses |
|
13,50,000 |
20,00,000 |
67.5 |
80 |
|
Profit
before Tax |
|
7,00,000 |
6,00,000 |
35 |
24 |
|
Less: Tax |
|
2,00,000 |
2,50,000 |
10 |
10 |
|
Profit
after Tax |
|
5,00,000 |
3,50,000 |
25 |
14 |
Note: Other expenses are after debiting Provision for Tax.
Page No 3.38:
Question 24:
From the following information, prepare a
Common-size Balance Sheet:
|
Particulars |
31st March, 2021 (`) |
31st March, 2020 (`) |
|
Shareholders' Funds |
5,40,000 |
3,60,000 |
|
Non-current Liabilities |
1,80,000 |
1,80,000 |
|
Current Liabilities |
1,80,000 |
60,000 |
|
Non-current Assets |
6,30,000 |
4,20,000 |
|
Current Assets |
2,70,000 |
1,80,000 |
Answer:
|
Common-Size Statement of Balance
Sheet as at 31st March, 2021 |
|||||
|
Particulars |
Note No. |
Absolute Amounts |
Percentage of Revenue from Operation (Net Sales) |
||
|
31st March, 2020
(`) |
31st March, 2021 (`) |
% 31st March, 2020
(`) |
% 31st March, 2021 (`) |
||
|
I.Equity
and Liabilities |
|
|
|
|
|
|
Shareholders' Funds |
|
3,60,000 |
5,40,000 |
60 |
60 |
|
Non-current Liabilities |
|
1,80,000 |
1,80,000 |
30 |
20 |
|
Current Liabilities |
|
60,000 |
1,80,000 |
10 |
20 |
|
Total |
|
6,00,000 |
9,00,000 |
100 |
100 |
|
II.Assets |
|
|
|
|
|
|
Non-current Assets |
|
4,20,000 |
6,30,000 |
70 |
70 |
|
Current Assets |
|
1,80,000 |
2,70,000 |
30 |
30 |
|
Total |
|
6,00,000 |
9,00,000 |
100 |
100 |
Click on Below link for more questions Of Volume-3 of 12th
Chapter-1: Tools of Financial statement analysis- Comparative statement and Common-Size statement | 2021-2022
From Question 1 to 4
From Question 5 to 8
From Question 9 to 12
From Question 13 to 16
From Question 17 to 20
From Question 21 to 24
From Question 25 And 26