Which item is assumed to be 100 in the case of common size Income statement?

Asked by Last Modified  

Follow 4
Answer

Please enter your answer

Crash Course Expert with 15 years of teaching experience in commerce

We assume revenue from operations (Net sales) as 100 in the common size Income statement.
Comments

Total Revenue or Total sales.
Comments

Commerce Expertise

Sales figures are assumed to be 100
Comments

View 1 more Answers

Related Questions

Give two example each of Non-Current Assets and Non- Current Liabilities.
Non-Current Assets: Plant & Machinery,Furniture & fixtures,Land & Building. Non-Current Liabilities: Debentures, Longterm loan from bank,Financial Instituitions.
Samadhan
0 0
6
Why stock is excluded from liquid assets?
Stock is excluded from liquid assets because in calculation of liquid ration only those assets are considered which can be readily converted into cash within a period of 90 days. Stock cannot all the time be converted into cash immediately.
Ajay
0 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Accountable Transaction
Every business is required to record the economic transactions that are financial. There.is remarkable variation between trade and financial transactions. Business transaction can be of non-financial too....



Techniques of Scientific Management - CBSE/NCERT Class XII Bussiness Studies
Scientific Management Techniques- Class 12th Organisation of Commerce and Management (OC/OCM) ICSE Commercial Studies IGCSE/GCSE

Recommended Articles

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Radhe Shyam is a highly skilled accounts and finance trainer with 8 years of experience in teaching. Accounting is challenging for many students and that’s where Radhe Shyam’s expertise comes into play. He helps his students not only in understanding the subject but also advises them on how to overcome the fear of accounts...

Read full article >

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you