Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Analysis of Financial Statements

Question:

In common size statement, if revenue from operations are ₹25,00,000 and other incomes are ₹5,00,000, then the percentage of "Total Revenue from Operations" to "Revenue from operations" will be:

Options:

110%

10.04%

120%

113.04%

Correct Answer:

120%

Explanation:

The correct answer is option 3- 120%.

Total Revenue from Operations = revenue from operations + other incomes
                                             = ₹25,00,000 + ₹5,00,000
                                            = ₹3000000
Percentage of "Total Revenue from Operations" to "Revenue from operations" = Total Revenue from Operations/Revenue from operations X 100
                                               = 3000000/2500000 X 100
                                               = 120%