Particulars | 31st March, 2016 Amt (Rs.) | 31st March, 2017 Amt (Rs.) | |
I. | Income | ||
Revenue from Operations (Net sales) | 40,00,000 | 40,00,000 | |
Other Income | 40,000 | 44,000 | |
Total | 40,40,000 | 40,44,000 | |
II. | Expenses | ||
Purchases of Stock-in-trade | 26,00,000 | 28,00,000 | |
Changes in Inventories of Stock-in-trade | 2,00,000 | 1,92,000 | |
Employees Benefit Expenses | 3,20,000 | 3,92,000 | |
Other Expenses | 4,70,000 | 3,60,000 | |
Total | 35,90,000 | 37,44,000 | |
III. | Profit (I - II) | 4,50,000 | 3,00,000 |
Additional Information | ||
31st March, 2016 | 31st March, 2017 | |
Other Expenses Include | Amt (Rs.) | Amt (Rs.) |
Provision for Tax | 4,50,000 | 3,00,000 |
Answer:
Common Size Income Statement for the year ending 31st March, 2016 and 2017
Particulars Absolute Amount Percentage of Revenue from Operations (Net sales) 2016 (Rs.) 2017 (Rs.) 2016 (%) 2017 (%) I. Revenue from Operations (Net sales) 40,00,000 40,00,000 100.00 100.00 II. Other Income 40,000 44,000 1.00 1.10 III. Total Revenue (I + II) 40,40,000 40,44,000 101.00 101.10 VI. Expenses (a) Purchases of Stock-in-trade 26,00,000 28,00,000 65,00 70,00 (b) Changes in Inventories of Stock-in-trade 2,00,000 1,92,000 5.00 4.80 (c) Employees Benefit Expenses 3,20,000 3,92,000 8.00 9.80 (d) Other Expenses (4,70,000 - 4,50,000) 20,000 60,000 0.50 1.50 (3,60,000 - 3,00,000) Total Expenses 31,40,000 34,44,000 78.50 86.10 V. Profit before Tax (III - IV) 9,00,000 6,00,000 22.50 15.00 (-) Provision for Tax (4,50,000) (3,00,000) (11.25) (7.50) VI. Profit after Tax 4,50,000 3,00,000 11.25 7.50
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