In the Statement of Profit & Loss of a Common Size Statement :

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Ram Sharma

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Q. In the Statement of Profit & Loss of a Common Size Statement :

(A) Figure of net revenue from operations is assumed to be equal to 100
(B) Figure of gross profit is assumed to be equal to 100
(C) Figure of net profit is assumed to be equal to 100
(D) Figure of assets is assumed to be equal to 100

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✅ Correct Answer: (A) Figure of net revenue from operations is assumed to be equal to 100

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