Question 18 Chapter 6 -Unimax Publication Class 12 Part 2

Question 18 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021

Table of Contents

Prepare common size balance sheet as at 31-3-2021 and 2022 from the following balance sheets.

Particulars	31-3-2021	31-3-2022
1.Shareholder’s Fund
(a) Share Capital	75,000	1,50,000
(a) Reserve & Surplus	45,000	30,000
2.Non-Current Liabilities
Long term borrowing (12% debenture)	75,000	30,000
3.Current Liabilities
Trade payable	30,000	60,000
Total	2,25,000	3,60,000
Assets
1. Non-current Assets
Fixed Assets	1,50,000	2,25,000
2.Current Assets	75,000	1,35,000
Total	2,25,000	3,60,000

The solution of Question 18 Chapter 6 – Unimax Publication Class 12 Part 2-2021 : –

Comparative Income Statement

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	75,000	33.33	1,50,000	41.67
(a) Reserve & Surplus	45,000	20.00	30,000	8.33
2.Non-Current Liabilities
Long term borrowing (12% debenture)	75,000	33.33	1,20,000	33.33
3.Current Liabilities
Trade payable	30,000	13.33	60,000	16.67
Total	2,25,000	100.00	3,60,000	100.00
Assets
1. Non-current Assets
Fixed Assets	1,50,000	66.67	2,25,000	62.5
2.Current Assets	75,0010	33.33	1,35,000	37.5
Total	2,25,000	100.00	3,60,000	100.00

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Comparative Statements – Balance Sheet & Profit and Loss

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

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