1. Prepare a ‘Common size Statement of Profit and Loss’ with the help of following information:
Particulars 2011 2012
Revenue from operation 
8,00,000 17,00,000
Interest on Investments 2,00,000 3,00,000
Expenses 6,00,000 8,00,000
Income Tax 50% 50%
Common Size Statement of Profit and Loss for the Year 2011 and 2012 | ||||
Particulars | Absolute Amount (Rs) | Percentage of Revenue from Operations (%) | ||
2011 | 2012 | 2011 | 2012 | |
I. Revenue from Operations | 8,00,000 | 17,00,000 | 100 | 100 |
II. Other Income | 2,00,000 | 3,00,000 | 25 | 17.65 |
| 10,00,000 | 20,00,000 | 125 | 117.65 |
Less: Expenses | 6,00,000 | 12,00,000 | 75 | 47.06 |
Profit Before Tax | 4,00,000 | 8,00,000 | 50 | 70.59 |
Less: Tax @ 50% | 2,00,000 | 4,00,000 | 25 | 35.29 |
Profit After Tax | 2,00,000 | 4,00,000 | 25 | 35.29 |
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