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

Question No 18 Chapter No -6 Unimax Class - 12 Part - II
Question No 18 Chapter No -6 Unimax Class - 12 Part - II

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

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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 Capital75,0001,50,000
(a) Reserve & Surplus45,00030,000
2.Non-Current Liabilities  
Long term borrowing (12% debenture)75,00030,000
3.Current Liabilities  
Trade payable30,00060,000
Total2,25,0003,60,000
Assets   
1. Non-current Assets  
 Fixed Assets 1,50,0002,25,000
2.Current Assets75,0001,35,000
Total 2,25,0003,60,000

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

Comparative Income Statement

Particulars

Absolute amount
2021
% of Balance Sheet TotalAbsolute amount 2022% of Balance Sheet Total
Equity and Liabilities
    
1.Shareholder’s Fund    
(a) Share Capital75,00033.331,50,00041.67
(a) Reserve & Surplus45,00020.0030,0008.33
2.Non-Current Liabilities    
Long term borrowing (12% debenture)75,00033.331,20,00033.33
3.Current Liabilities    
Trade payable30,00013.3360,00016.67
Total2,25,000100.003,60,000100.00
Assets     
1. Non-current Assets    
 Fixed Assets 1,50,00066.672,25,00062.5
2.Current Assets75,001033.331,35,00037.5
Total 2,25,000100.003,60,000100.00

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Comparative Statements – Balance Sheet & Profit and Loss

Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution

Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution

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