Question

Find out the balancing figures of following common size statements of profit and loss of Aishwarya limited for the year ending on 31-3-’18 and 31-3-’19 and prepare it incomplete form. Common size profit-loss statement for the year ending on 31-3-’18 and 31-3-’19

Answer 1

Particulars	31-3-2018 (₹)	31-3-2019 (₹)
(1) Other income	1,35,000	–
(2) Total income	14,85,000	–
(3) Net purchase	9,18,000	–
(4) Changes in stock	(67,500)	–
(5) Depreciation	94,500	–
(6) Other expenses	1,08,000	–
(7) Total expenses	10,53,000	–
(8) Profit before tax	–	7,20,000
(9) Less : Income tax	–	2,16,000
(10) Profit after tax	–	5,04,000