From the given Balance Sheet of Geox Ltd., prepare Common Size Balance Sheet: Balance Sheet of Geox Ltd. as at 31st March, 2023

Trade Receivables $\displaystyle 80{,}000$ $\displaystyle 2{,}00{,}000$ $\displaystyle 16$ $\displaystyle 25$

TOTAL $\displaystyle 5{,}00{,}000$ $\displaystyle 8{,}00{,}000$ $\displaystyle 100$ $\displaystyle 100$

Q. From the following information, prepare a Comparative Statement of Profit and Loss…

Ans. Comparative Statement of Profit & Loss

For the year ended March $\displaystyle 31$, $\displaystyle 2023$

Particulars $\displaystyle 2021$- $\displaystyle 22$ $\displaystyle 2022$-$\displaystyle 23$ Absolute Percentage

(₹) Increase or Increase or

(₹) Decrease (₹) Decrease(%)

I Revenue from Operations $\displaystyle 8{,}00{,}000$ $\displaystyle 10{,}00{,}000$ $\displaystyle 2{,}00{,}000$ $\displaystyle 25$

II Less: Expenses

Employee Benefit Expenses $\displaystyle 1{,}00{,}000$ $\displaystyle 2{,}50{,}000$ $\displaystyle 1{,}50{,}000$ $\displaystyle 150$

Other Expenses $\displaystyle 4{,}00{,}000$ $\displaystyle 5{,}50{,}000$ $\displaystyle 1{,}50{,}000$ $\displaystyle 37.5$

III Profit before Tax $\displaystyle 3{,}00{,}000$ $\displaystyle 2{,}00{,}000$ ($\displaystyle 1{,}00{,}000$) ($\displaystyle 33.3$)

IV Less: Tax @ $\displaystyle 50$% $\displaystyle 1{,}50{,}000$ $\displaystyle 1{,}00{,}000$ $\displaystyle (50,000)$ ($\displaystyle 33.3$)

V Profit after Tax $\displaystyle 1{,}50{,}000$ $\displaystyle 1{,}00{,}000$ $\displaystyle (50,000)$ ($\displaystyle 33.3$)