1.

Prepare a Common size statement of profit and loss of Shefali Ltd. with the help of following information: Particulars 2015-16 (Rs) 2016-17 (Rs) Revenue from operations 6,00,000 8,00,000 Indirect expense 25% of gross profit 25% of gross profit Cost of revenue from operations 4,28,000 7,28,000 Other incomes 10,000 12,000 Income tax 30% 30%

Answer» Prepare a Common size statement of profit and loss of Shefali Ltd. with the help of following information:



































Particulars 2015-16

(Rs)
2016-17

(Rs)
Revenue from operations 6,00,000 8,00,000
Indirect expense 25% of gross profit 25% of gross profit
Cost of revenue from operations 4,28,000 7,28,000
Other incomes 10,000 12,000
Income tax 30% 30%


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