From the following Statement of Profit and Loss of PP Ltd. prepare a Common Size Statement of Profit and Loss' for the year ended $\displaystyle 31.3.2021$ and $\displaystyle 31.3.2022$ : $\displaystyle 2021$-$\displaystyle 22$ $\displaystyle 2020$-$\displaystyle 21$ Particulars Amount Amount (U of) Revenue from operations $\displaystyle 20,00,000$ $\displaystyle 10,00,000$ Other Income $\displaystyle 5,00,000$ $\displaystyle 5,00,000$ Expenses $\displaystyle 10,00,000$ $\displaystyle 7,00,000$ Tax Rate $\displaystyle 50$%

OR

From the following Balance Sheet of XX Ltd. prepare a Comparative Balance Sheet' as at $\displaystyle 31.3.2022$ : Particulars $\displaystyle 31.3.2022$ $\displaystyle 31.3.2021$ (U it) I. EQUITY AND LIABILITIES : 1. Shareholders' Funds : Share Capital $\displaystyle 2,00,00,000$ $\displaystyle 1,00,00,000$ 2. NonCurrent Liabilities : Longterm borrowings $\displaystyle 50,00,000$ $\displaystyle 25,00,000$ 3. Current Liabilities : Trade Payables $\displaystyle 20,00,000$ $\displaystyle 10,00,000$ Total : $\displaystyle 2,70,00,000$ $\displaystyle 1,35,00,000$ II. ASSETS : 1. NonCurrent Assets : Fixed Assets $\displaystyle 1,70,00,000$ $\displaystyle 85,00,000$ 2. Cunent Assets : Inventories $\displaystyle 1,00,00,000$ $\displaystyle 50,00,000$ Total : $\displaystyle 2,70,00,000$ $\displaystyle 1,35,00,000$

Common-size Statement of Profit and Loss of PP Ltd. for the year ended March $\displaystyle 31.3.2021$ and $\displaystyle 31.3.2022$ Particulars $\displaystyle 31.3.2021$ $\displaystyle 31.3.2022$ % of Revenue from (₹) (₹) Operation $\displaystyle 31.3.2021$ $\displaystyle 31.3.2022$ Revenue from Operations $\displaystyle 10,00,000$ $\displaystyle 20,00,000$ $\displaystyle 100$ $\displaystyle 100$ Other Income $\displaystyle 5,00,000$ $\displaystyle 5,00,000$ $\displaystyle 50$ $\displaystyle 25$ Total Revenue $\displaystyle 15,00,000$ $\displaystyle 25,00,000$ $\displaystyle 150$ $\displaystyle 125$ Less : Expenses $\displaystyle 7,00,000$ $\displaystyle 10,00,000$ $\displaystyle 70$ $\displaystyle 50$ Profit before Tax $\displaystyle 8,00,000$ $\displaystyle 15,00,000$ $\displaystyle 80$ $\displaystyle 75$ Less : Tax $\displaystyle 50$% $\displaystyle 4,00,000$ $\displaystyle 7,50,000$ $\displaystyle 40$ $\displaystyle 37.5$ Profit after Tax $\displaystyle 4,00,000$ $\displaystyle 7,50,000$ $\displaystyle 40$ $\displaystyle 37.5$ Or Q. From the following Balance Sheet of XX Ltd…………… Ans. $\displaystyle 11$ Comparative Balance Sheet of XX Ltd. as at $\displaystyle 31.3.2021$ and $\displaystyle 31.3.2022$ Liabilities $\displaystyle 31.3.2021$ $\displaystyle 31.3.2022$ Absolute % of (₹) (₹) Increase/ Increase/ Decrease Decrease (₹) I. Equity and Liabilities : 1. Shareholders’ Funds : Share Capital $\displaystyle 1,00,00,000$ $\displaystyle 2,00,00,000$ $\displaystyle 1,00,00,000$ $\displaystyle 100$ 2. Non-Current Liabilities : Long-term Borrowings $\displaystyle 25,00,000$ $\displaystyle 50,00,000$ $\displaystyle 25,00,000$ $\displaystyle 100$ 3. Current Liabilities : Trade Payables $\displaystyle 10,00,000$ $\displaystyle 20,00,000$ $\displaystyle 10,00,000$ $\displaystyle 100$ Total $\displaystyle 1,35,00,000$ $\displaystyle 2,70,00,000$ $\displaystyle 1,35,00,000$ $\displaystyle 100$ II. Assets : 1. Non-Current Assets : Fixed Assets $\displaystyle 85,00,000$ $\displaystyle 1,70,00,000$ $\displaystyle 85,00,000$ $\displaystyle 100$ 2. Current Assets : Inventories $\displaystyle 50,00,000$ $\displaystyle 1,00,00,000$ $\displaystyle 50,00,000$ $\displaystyle 100$ Total $\displaystyle 1,35,00,000$ $\displaystyle 2,70,00,000$ $\displaystyle 1,35,00,000$ $\displaystyle 100$