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Comparative Statements and Common-Size Statements 5.7

Solution: COMPARATIVE STATEMENT OF PROFIT & LOSS
for the years ended 31st March, 2011 and 2012
Particulars Note 31st March, 31st March, Absolute Change Percentage Change
No. 2011 2012 (Increase or (Increase or
` ` Decrease) (`) Decrease) (%)
I. Revenue from Operations 24,00,000 40,00,000 16,00,000 66.67
II. Other Income 18,00,000 24,00,000 6,00,000 33.33
III. Total Revenue (I + II) 42,00,000 64,00,000 22,00,000 52.38
IV. Expenses 14,00,000 16,00,000 2,00,000 14.29
V. Profit (III – IV) 28,00,000 48,00,000 20,00,000 71.43

Illustration 3. Prepare Common-size Statement of Profit & Loss from the following
Statement of Profit & Loss:
Particulars Note 31st March, 31st March,
No. 2024 (`) 2023 (`)
I. Income
Revenue from Operations (Net Sales) 10,00,000 10,00,000
Other Income 11,000 10,000
Total 10,11,000 10,10,000
II. Expenses
Purchases of Stock-in-Trade 7,00,000 6,50,000
Change in Inventories of Stock-in-Trade 48,000 50,000
Employees Benefit Expenses 98,000 80,000
Other Expenses 90,000 1,17,500
Total 9,36,000 8,97,500
III. Profit (I – II) 75,000 1,12,500
Additional Information:
Other Expenses include ` `
Provision for Tax 75,000 1,12,500

Solution: COMMON-SIZE STATEMENT OF PROFIT & LOSS
for the years ended 31st March, 2023 and 2024

Particulars Note Absolute Amounts Percentage of Revenue from
No. Operations (Net Sales)
31st March, 31st March, 31st March, 31st March,
2023 (`) 2024 (`) 2023 (%) 2024 (%)
I. Revenue from Operations (Net Sales) 10,00,000 10,00,000 100.00 100.00
II. Other Income 10,000 11,000 1.00 1.10
III. Total Revenue (I + II) 10,10,000 10,11,000 101.00 101.10
IV. Expenses
(a) Purchases of Stock-in-Trade 6,50,000 7,00,000 65.00 70.00
(b) Change in Inventories of Stock-in-Trade 50,000 48,000 5.00 4.80
(c) Employees Benefit Expenses 80,000 98,000 8.00 9.80
(d) Other Expenses 5,000 15,000 0.50 1.50
Total Expenses 7,85,000 8,61,000 78.50 86.10
V. Profit before Tax (III – IV) 2,25,000 1,50,000 22.50 15.00
VI. Less: Tax 1,12,500 75,000 11.25 7.50
VII. Profit after Tax 1,12,500 75,000 11.25 7.50