Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Analysis of Financial Statements

Question:

In common size statement, if revenue from operations are ₹23,00,000 and other incomes are ₹3,00,000, then the percentage of "Total Revenue from Operations" to "Revenue from operations" will be:

Options:

110%

113.04%

12.04%

110.04%

Correct Answer:

113.04%

Explanation:

The correct answer is option 2- 113.04%.

Total revenue from operations = Revenue from operations + Other income
                                            = 23,00,000 + 3,00,000
                                            = 26,00,000

Percentage of "Total Revenue from Operations" to "Revenue from operations" = 26,00,000/23,00,000 X 100
                                                                                                               = 113.04%