question_answer

Fill in the missing figures in the following common size statement of profit and loss: Common Size Statement of Profit and Loss for the year ending 31st March, 2018

	Particulars	Note No.	Absolute Amt (Rs.)	Percentage of Revenue from Operations %
I.	Revenue from Operations		....	....
II.	Other Income		3,00,000	....
III.	Total Revenue (I+II)		.....	....
IV.	(-) Expenses:
	Cost of Materials Consumed		...	....
	Other Expenses		7,50,000	60
	Total Expenses		....	15
	Profit before Tax (III-IV)		....	....
	(-)Tax		(...)	(20)
	Profit and Tax		....	....

 

Answer:

                                                Common Size Statement of Profit and Loss for the year ending 31st March, 2018

	Particular	Note No.	Absolute Amt (Rs.)	Percentage of Revenue from Operations %
I.	Revenue from Operations		50,00,000	100
II.	Other Income		3,00,000	6
III.	Total Revenue (I+II)		53,00,000	106
IV.	(-) Expenses :
	Cost of Materials Consumed		30,00,000	60
	Other Expenses		7,50,000	15
	Total Expenses		37,50,000	75
	Profit before Tax (III-IV)		15,50,000	31
	(-) Tax		(10,00,000)	(20)
	Profit after Tax		5,50,000	11

Working Notes 1. Percentage of Other Expenses \[=\frac{\text{Other}\,\text{Expenses}}{\text{Revenue}\,\text{From}\,\text{Operations}}\times 100\] \[15=\frac{7,50,000\times 100}{\text{Revenue}\,\text{form}\,\text{Operations}}\] Revenue from Operations = Rs. 50,00,000 2. Percentage of Other Income \[=\frac{3,00,000}{50,00,000}\times 100=6%\]