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Question
Prepare a common-size income statement for the following particulars of Sam Ltd. table.
| Particulars | 2015-16 ₹ | 2016-17 ₹ |
| Revenue from operations | 4,00,000 | 5,00,000 |
| Other income | 80,000 | 50,000 |
| Expenses | 2,40,000 | 2,50,000 |
| Income Tax | 30% | 30% |
Solution
| Common size Income statement of Sam Ltd for the year ended 31.03.2016 and 31.03.2017 |
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| Particulars | Absolute Amount 2015-16 | % of rev from Operation 2015-16 (Rs.) |
Absolute amount 2016-17 | % of rev from Oper- ation 2015- 17 (Rs.) |
| Revenue from operation | 4,00,000 | 100 | 5,00,000 | 100 |
| Add: Other income | 80,000 | 100 20 | 50,000 | 10 |
| Total income | 4,80,000 | 120 | 5,50,000 | 110 |
| Less: Expenses | 2,40,000 | 60 | 2,50,000 | 50 |
| Profit before tax | 2,40,000 | 60 | 3,00,000 | 60 |
| Less: Income Tax | 72,000 | 18 | 90,000 | 18 |
| Profit after Tax | 1,68,000 | 42 | 2,10,000 | 42 |
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