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Question No 17 Chapter 6 – UNIMAX Class 12 Part 2 – 2021
Prepare common Size Balance Sheet of M/s Traders from the following:
| Particulars |
31-3-2021 |
31-3-2022 |
|---|---|---|
| 1.Shareholder’s Fund | ||
| (a) Share Capital | 7,00,000 | 4,00,000 |
| (a) Reserve & Surplus | 1,00,000 | 1,20,000 |
| 2.Non-Current Liabilities | ||
| Long term borrowing (Loans) | 5,00,000 | 5,00,000 |
| Total | 13,00,000 | 10,20,000 |
| Assets | ||
| 1. Non-current Assets | ||
| Fixed Assets (Tangible) | 10,20,000 | 8,00,000 |
| 2.Current Assets | ||
| (a)Trade receivables | 2,00,000 | 1,00,000 |
| (b) Cash & Cash equivalents | 80,000 | 1,20,000 |
| Total | 13,00,000 | 10,20,000 |
Common Size Balance Sheet of M/s Raja Traders
As At 31-3-2021 and 31-3-2022
| Particulars |
Absolute amount 2021 |
% of Balance Sheet Total | Absolute amount 2022 | % of Balance Sheet Total |
|---|---|---|---|---|
| Equity and Liabilities |
||||
| 1.Shareholder’s Fund | ||||
| (a) Share Capital | 4,00,000 | 39.22 | 7,00,000 | 53.85 |
| (a) Reserve & Surplus | 1,20,000 | 11.76 | 1,00,000 | 7.69 |
| 2.Non-Current Liabilities | ||||
| Long term borrowing (Loans) | 5,00,000 | 49.02 | 5,00,000 | 38.46 |
| Total | 10,20,000 | 100.00 | 13,00,000 | 100.00 |
| Assets | ||||
| 1. Non-current Assets | ||||
| Fixed Assets (Tangible) | 8,00,000 | 78.43 | 10,20,000 | 78.46 |
| 2.Current Assets | ||||
| (a)Trade receivables | 1,00,000 | 9.80 | 2,00,000 | 15.38 |
| (b) Cash & Cash equivalents | 1,20,000 | 11.76 | 80,000 | 6.15 |
| Total | 10,20,000 | 100.00 | 13,00,000 | 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.
This guide covers "Question No 17 Chapter 6 – UNIMAX Class 12 Part 2 – 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 12 Part 2 - 2023.
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