From the following information of KL Ltd., prepare a Common Size Statement of Profit and Loss for the year ended 31st March, 2024:
Statement of Profit Elements
Particulars Amount (₹) Revenue from Operations 20,00,000 Other Income 5,00,000 Cost of Materials Consumed 12,00,000 Employee Benefit Expenses 6,00,000 Depreciation 2,00,000
Statement of Profit Elements
| Particulars | Amount (₹) |
|---|---|
| Revenue from Operations | 20,00,000 |
| Other Income | 5,00,000 |
| Cost of Materials Consumed | 12,00,000 |
| Employee Benefit Expenses | 6,00,000 |
| Depreciation | 2,00,000 |
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Solution and Explanation
Total Revenue = Revenue from Operations + Other Income = 25,00,000
Common size is calculated as (Item / Revenue from Operations) * 100
Revenue from Operations = (20,00,000 / 20,00,000) * 100 = 100%
Other Income = (5,00,000 / 20,00,000) * 100 = 25%
Cost of Materials Consumed = (12,00,000 / 20,00,000) * 100 = 60%
Employee Benefit Expenses = (6,00,000 / 20,00,000) * 100 = 30%
Depreciation = (2,00,000 / 20,00,000) * 100 = 10%
Top Questions on Common Size Statements
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