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Question 21 Chapter 2 VK Publications Class 12 Part 2 - 2021
21. From the following Balance Sheets of Maria Ltd. as at 31st March, 2018 and 2017, preparea Common Size Balance Sheet:
| Particulars | 2018 (Rs.) | 2017 (Rs.) | |
| I.EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | 15,00,000 | 20,00,000 | |
| (b) Reserves and Surplus | 2,00,000 | 3,00,000 | |
| 2. Non-Current Liabilities | |||
| (a) Long-term Borrowings | 5,00,000 | 6,00,000 | |
| 3. Current Liabilities | |||
| (a) Trade Payables | 3,00,000 | 1,00,000 | |
| Total | 25,00,000 | 30,00,000 | |
| II. ASSETS | |||
| 1. Non-Current Assetd | |||
| (a) Fixed Assets | |||
| (i) Tangible Assets | 15,00,000 | 20,00,000 | |
| (ii) Intangible assets | 3,00,000 | 1,00,000 | |
| 2. Current Assets | |||
| (a) Inventories | 5,00,000 | 6,00,000 | |
| (b) Cash and Cash Equivalents | 2,00,000 | 3,00,000 | |
| Total | 25,00,000 | 30,00,000 | |
Common Size Balance Sheet Statement For the years ended 31st March, 2017 and 2018
| Particulars | Note | Absolute Amounts | Percentage of the Balance sheet Total | ||
|---|---|---|---|---|---|
| 2016-2017 | 2017-2018 | 2016-2017 | 2017-2018 | ||
| Rs. | Rs. | % | % | ||
| I. Equity & Liabilities | |||||
| 1. Shareholder’s Fund | |||||
| a. Share Capital | 20,00,000 | 15,00,000 | 66.67 | 60.00 | |
| b. Reserve & Surplus | 3,00,000 | 2,00,000 | 10.00 | 8.00 | |
| 2. Non – current Liabilities | |||||
| a. Long term Borrowings | 6,00,000 | 5,00,000 | 20.00 | 20.00 | |
| 3. Current Liabilities | |||||
| a. Trade Payable | 1,00,000 | 3,00,000 | 3.33 | 12.00 | |
| Total | 30,00,000 | 25,00,000 | 100 | 100 | |
| II. Assets | |||||
| 1. Non – current Assets | |||||
| a. Fixed Assets | |||||
| (i) Tangible Assets | 20,00,000 | 15,00,000 | 66.67 | 60.00 | |
| (ii) Intangible Assets | 1,00,000 | 3,00,000 | 3.33 | 12.00 | |
| 2. Current Assets | |||||
| a. Inventories | 6,00,000 | 5,00,000 | 20.00 | 20.00 | |
| b. Cash & Cash equivalent | 3,00,000 | 2,00,000 | 10.00 | 8.00 | |
| Total | 30,00,000 | 25,00,000 | 100 | 100.00 | |
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