Question:
While preparing Common Size Statement of Profit and Loss of a company, each item is expressed as a percentage of ________.
While preparing Common Size Statement of Profit and Loss of a company, each item is expressed as a percentage of ________.
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In P and L common size statements, express each item as a % of revenue from operations.
Updated On: Jan 14, 2026
- Revenue from operations
- Total liabilities
- Total expenses
- Total assets
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The Correct Option is A
Solution and Explanation
In Common Size Statements of Profit & Loss, every item is shown as a percentage of "Revenue from operations" to analyze cost structure and profitability.
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