Arrange the following outcomes in the correct order for calculating profit and loss in the common-size statement. (A) Net Profit Choose the correct answer from the options given below: |
(A), (B), (C), (D) (C), (B), (A), (D) (B), (A), (D), (C) (C), (B), (D), (A) |
(C), (B), (A), (D) |
The correct answer is Option 2: (C), (B), (A), (D) In a common-size Statement of Profit and Loss, we start with Revenue from Operations (C) and add Non-Operating/Other Income (B) to get total income. After deducting expenses we reach Net Profit (profit before tax) (A), and after charging tax you get Profit after tax (D). |