12th Class Accountancy Sample Paper Accountancy - Sample Paper-13

  • question_answer
    Prepare common size statement of profit and loss from the following information :
    Particulars 31st March, 2018 (Rs.) 31st March, 2017 (Rs.)
    Revenue from Operations 7,50,000 5,62,500
    Other Income 75,000 56,250
    Purchase of Stock-in-trade 5,62,500 4,50,000
    Change in Inventories of Stock-in-trade (37,500) 7,500
    Other Expenses 7,500 5,625
    Rate of Income Tax 40% 40%

    Answer:

    Profit after tax on 31st March, 2017 = Rs. 93,375 and on 31st March, 2018 = Rs. 1,75,500. Percentage of net sales on 31st March, 2017= 16.6% and on 31st March. 2018 = 23.4%


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