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Question 17 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021
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Table of Contents
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 |
The solution of Question 17 Chapter 6 – Unimax Publication Class 12 Part 2-2021: –
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 | 80,00 | 6.15 |
| Total | 10,20,000 | 100.00 | 13,00,000 | 100.00 |
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Comparative Statements – Balance Sheet & Profit and Loss
Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication
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