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Accountancy
Analysis of Financial Statements
From the books of ABCD Ltd. prepare common size statements and answer the following questions.
What is the profit before tax for the year 2021?
₹230000
₹876000
₹324000
₹770000
PARTICULARS
2021 (ABSOLUTE AMT)
2022 (ABSOLUTE AMT)
2021 (PERCENTAGE OF REVENUE FROM OPERATIONS)
2022(PERCENTAGE OF REVENUE FROM OPERATIONS)
I Revenue from operations
1000000
1200000
100
Less: Expenses a) Cost of materials consumed
600000
660000
60
55
b) Employee benefit expenses
120000
12
10
c) Other expenses
50000
96000
5
8
II Total expenses (a+b+c)
770000
876000
77
73
Profit before tax (I-II)
230000
324000
23
27