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Question 19 Chapter 2 of +2-B
Common Size Balance Sheet
19. Karnal based Iron Foundry has supplied you the following Balance Sheets. You are required to Prepare a common size balance sheet of HK Computer Limited.
| Particular | 31st March, 2016 ₹ | 31st March, 2015 ₹ |
| I. Equity and Liabilities | ||
| Shareholders’ Funds | ||
| Share Capital | 22,00,000 | 14,00,000 |
| Reserve and Surplus | 7,00,000 | 2,00,000 |
| Non-Current Liabilities | ||
| Long –term Borrowings | 5,00,000 | 6,00,000 |
| Long term Provisions | 2,50,000 | 4,00,000 |
| Current Liabilities | ||
| Short term provisions | 3,50,000 | 4,00,000 |
| 40,00,000 | 30,00,000 | |
| II. Assets | ||
| Non-Current Assets | ||
| Fixed Assets | ||
| Tangible | 12,00,000 | 7,50,000 |
| Intangible | 10,80,000 | 8,00,000 |
| Non-Current Investments | 9,20,000 | 6,50,000 |
| Current Assets | ||
| Inventories | 4,80,000 | 3,50,000 |
| Cash & Cash Equivalents | 3,20,000 | 4,50,000 |
| 40,00,000 | 30,00,000 |
Comparative Statement of Profit & Loss
| Particulars |
Note no. | 31st March, 2015 (A) (3) |
31st March, 2016 (B) (4) |
Percentage |
Percentage Change (Increase/ Decrease) |
|---|---|---|---|---|---|
| I. Equity and Liabilities | |||||
| 1. Shareholders’ Funds | |||||
| (a) Share Capital | 14,00,000 | 22,00,000 | 46.67% | 55.00% | |
| (b) Reserves and Surplus | 2,00,000 | 7,00,000 | 6.67% | 17.50% | |
| 2. Non-Current Liabilities | |||||
| (a) Long-term borrowings | 6,00,000 | 5,00,000 | 20.00% | 12.50% | |
| (b) Long term Provisions | 4,00,000 | 2,50,000 | 13.33% | 6.25% | |
| 3. Current Liabilities | |||||
| Short term provisions | 4,00,000 | 3,50,000 | 13.33% | 8.75% | |
| Total | 30,00,000 | 40,00,000 | 100.00% | 100.00% | |
| II. Assets | |||||
| 1.Non-Current Assets | |||||
| Fixed Assets: | |||||
| Tangible | 7,50,000 | 12,00,000 | 25.00% | 30.00% | |
| Intangible | 8,00,000 | 10,80,000 | 26.67% | 27.00% | |
| Non-Current Investments | 6,50,000 | 9,20,000 | 21.67% | 23.00% | |
| 2. Current Assets | |||||
| Inventories | 3,50,000 | 4,80,000 | 11.66% | 12.00% | |
| Trade Receivables | 4,50,000 | 3,20,000 | 15.00% | 8.00% | |
| Total | 30,00,000 | 40,00,000 | 100.00% | 100.00% |
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Also, Check out the solved question of previous Chapters: -
Analysis
Chapter No. 3 - Ratio Analysis
Chapter No. 4 - Cash Flow Statement
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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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