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

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

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Common size Statement of Profit and Loss

Working Notes: 

1. Calculation of other expenses indirect expenses = % of cross profit. 

2015 = 6,00,000 + 50% × 25% = 75,000 

2016 = 8,00,000 + 45% × 25% = 90,000.

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