Prepare Common Size statement of Profit from the following Information. 2
Particulars 2019 2020
Revenue from operations 6,00,000 8,00,000
Office & Administrative Expenses 1,40,000 34,500
Income Tax Rate 40% 40%
Gross profit Ratio 30% 20% ki
Answers
Answer:
? 15,000 paid for new electric fittings for the shop.
(1) Hanuman gave away goods valued at 40,000 as free samples for which no entry was made in
the books of accounts.
(ii) Invoices for goods amounting ? 15,000 paid for new electric fittings for the shop.
(1) Hanuman gave away goods valued at 40,000 as free samples for which no entry was made in
the books of accounts.? 15,000 paid for new electric fittings for the shop.
(1) Hanuman gave away goods valued at 40,000 as free samples for which no entry was made in
the books of accounts.? 15,000 paid for new electric fittings for the shop.
(1) Hanuman gave away goods valued at 40,000 as free samples for which no entry was made in
the books of accounts.
(ii) Invoices for goods amounting to ? 15,000 paid for new electric fittings for the shop.
(1) Hanuman gave away goods valued at 40,000 as free samples for which no entry was made in
the books of accounts.
(ii) Invoices for goods amounting to 2,50,000 have been entered on 27th March, 2016, but the
goods were not included in stock.
(iv) In March, 2016 goods of 2,00,000 sold and have been entered on 27th March, 2016, but the
goods were not included in stock.
(iv) In March, 2016 goods of 2,00,000 sold and
(ii) Invoices for goods amounting to 2,50,000 have been entered on 27th March, 2016, but the
goods were not included in stock.
(iv) In March, 2016 goods of 2,00,000 sold and
(ii) Invoices for goods amounting to 2,50,000 have been entered on 27th March, 2016, but the
goods were not included in stock.
(iv) In March, 2016 goods of 2,00,000 sold and 2,50,000 have been entered on 27th March, 2016, but the
goods were not included in stock.
(iv) In March, 2016 goods of 2,00,000 sold and