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Question 17 Chapter 13 of Class 12 Part – 2 – 2024
Comparative Statement of Profit & Loss
17. Prepare common size balance sheet of Wizard Limited.
| Particular | 31st March 2018 | 31st March 2017 |
| Equity Share Capital | 8,00,000 | 6,00,00 |
| Securities Premium Reserve | 2,00,000 | 1,00,000 |
| Long-term Borrowings | 2,00,000 | 3,00,000 |
| Land & Building | 8,00,000 | 7,50,000 |
| Current Assets | 4,00,000 | 2,50,000 |
Comparative Statement of Profit & Loss
| Particulars |
Note no. | 31st March, 2017 (A) (3) |
31st March, 2018 (B) (4) |
Percentage Change (Increase /Decrease) |
Percentage Change (Increase/ Decrease) |
|---|---|---|---|---|---|
| I. Equity and Liabilities | |||||
| 1. Shareholders’ Funds | |||||
| (a) Share Capital | 6,00,000 | 8,00,000 | 60.00% | 66.67% | |
| (b) Reserves and Surplus | |||||
| Securities Premium Reserve | 2,00,000 | 1,80,000 | 10.00% | 16.67% | |
| 2. Non-Current Liabilities | |||||
| (a) Long-term borrowings | 20,000 | 36,000 | 30.00% | 16.67% | |
| Total | 2,20,000 | 2,16,000 | 100.00% | 100.00% | |
| II. Assets | |||||
| 1.Non-Current Assets | |||||
| (a) Fixed Assets: | |||||
| (i) Tangible Assets | |||||
| Land & Building | 3,80,000 | 2,34,000 | 75.00% | 66.67% | |
| 2. Current Assets | 1,14,000 | 70,200 | 25.00% | 33.33% | |
| Total | 2,20,000 | 2,16,000 | 100.00% | 100.00% |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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