Question 17 Chapter 2 of +2-B – USHA Publication 12 Class

Question 17 Chapter 2 of +2-B

Question 17 Chapter 2 of +2-B

Comparative Statement of Profit & Loss

17. Prepare common size balance sheet of Wizard Limited.

Particular 31st March 2016 31st March 2015
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


The solution of Question 17 Chapter 2 of +2-B: – 

 

Comparative Balance Sheet of Sun Ltd.
Particulars
Note no. 31st March,
2015
(A)
(3)
31st March,
2016
(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%

 


To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Chapter No. 1 – Accounting Not for Profit Organisations

Chapter No. 2 – Partnership Accounts – I

Chapter No. 3 – Partnership Accounts – II (Introduction)

Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)

Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)

Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Chapter No. 1 – Financial Statements of a Company (Balance Sheet Only)

Chapter No. 2 – Techniques of Financial Statement Analysis

Chapter No. 3 – Ratio Analysis 

Chapter No. 4 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 17 Chapter 2 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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