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Question
Prepare common size Income Statement for the year ended 31.3.17 and 31.3.18.
| Particulars | 31.3.17 (₹) | 31.3.18 (₹) |
| Sales | 2,00,000 | 2,50,000. |
| Cost of goods sold | 1,50,000 | 1,70,000 |
| Office and Administrative Expenses | 4,000 | 6,000 |
| Selling and Distubution Expenses | 6,000 | 1,000 |
Solution
| Common Size Statement for the year ended on 31st March, 2017 and 31st March, 2018 | ||||
| Particulars | Amount (₹) | Percentage (%) | Amount (₹) | Percentage (%) |
| Sales | 2,00,000 | 100 | 2,50,000 | 100 |
| Less: Cost of goods sold | 1,50,000 | 75 | 1,70,000 | 68 |
| Gross Profit | 50,000 | 25 | 80,000 | 32 |
| Less: Office and Administrative Expenses | 4,000 | 2 | 6,000 | 2.4 |
| Less: Selling and Distribution Expenses | 6,000 | 3 | 1,000 | 0.4 |
| Net Profit | 40,000 | 20 | 73,000 | 29.2 |
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