Question - 22

Prepare a common size statement of profit and loss of shefali Ltd. with the help of following informations :

2013--14

Revenue from operation Rs. 6,00,000, Inderect exp. Rs. 25% of Gross profit, Cost of opening Rs. 4,28,000, Other exp. Rs. 10,000, Income tax Rs. 30%.

20114-15

Revenue from operation Rs. 8,00,000, Inderect exp. Rs. 25% of Gross profit, Cost of opening Rs. 7,28,000,  Other exp. Rs. 12,000, Income tax Rs. 30%.

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