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Prepare Common Size Income Statement for the year ended 31st March, 2021 from the following information: Particulars Revenue from operations Other Income Expenses Income Tax @ 40% - Accountancy

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प्रश्न

Prepare Common Size Income Statement for the year ended 31st March, 2021 from the following information:

Particulars 2020-21 (₹) 2019-20 (₹)
Revenue from operations 10,00,000 5,00,000
Other Income 1,00,000 50,000
Expenses 2,00,000 1,00,000
Income Tax @ 40%    
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उत्तर

  Absolute Amounts Percentage of Revenue of operations
Particulars 2019-20 (₹) 2020-21 (₹) 2019-20 (₹) 2020-21 (₹)
Revenue from operations 5,00,000 10,00,000 100 100
Add: Other Income 50,000 1,00,000 10 10
Total Revenue 5,50,000 11,00,000 110 110
Less: Expenses 1,00,000 2,00,000 20 20
Profit Before tax 4,50,000 9,00,000 90 90
Less: Income tax 1,80,000 3,60,000 36 36
Profit after tax 2,70,000 5,40,000 54 54
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2021-2022 (April) Term 2 - Delhi Set 2
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