Question 19 Chapter 2 of +2-B – USHA Publication 12 Class

Question 19 Chapter 2 of +2-B

Question 19 Chapter 2 of +2-B

Common Size Balance Sheet

19. Karnal based Iron Foundry has supplied you the following Balance Sheets. You are required to Prepare a common size balance sheet of HK Computer Limited.

Particular 31st March, 2016 ₹ 31st March, 2015 ₹
I. Equity and Liabilities    
Shareholders’ Funds    
Share Capital 22,00,000 14,00,000
Reserve and Surplus 7,00,000 2,00,000
Non-Current Liabilities    
Long –term Borrowings 5,00,000 6,00,000
Long term Provisions 2,50,000 4,00,000
Current Liabilities    
Short term provisions 3,50,000 4,00,000
  40,00,000 30,00,000
II. Assets    
Non-Current Assets    
Fixed Assets    
Tangible  12,00,000 7,50,000
Intangible 10,80,000 8,00,000
Non-Current Investments 9,20,000 6,50,000
Current Assets    
Inventories 4,80,000 3,50,000
Cash & Cash Equivalents 3,20,000 4,50,000
  40,00,000 30,00,000

 

The solution of Question 19 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   14,00,000 22,00,000 46.67% 55.00%
(b) Reserves and Surplus   2,00,000 7,00,000 6.67% 17.50%
2. Non-Current Liabilities          
(a) Long-term borrowings   6,00,000 5,00,000 20.00% 12.50%
(b) Long term Provisions   4,00,000 2,50,000 13.33% 6.25%
3. Current Liabilities          
Short term provisions   4,00,000 3,50,000 13.33% 8.75%
Total    30,00,000 40,00,000 100.00% 100.00%
II. Assets          
1.Non-Current Assets          
Fixed Assets:          
Tangible   7,50,000 12,00,000 25.00% 30.00%
Intangible   8,00,000 10,80,000 26.67% 27.00%
Non-Current Investments   6,50,000 9,20,000 21.67% 23.00%
2. Current Assets          
Inventories   3,50,000 4,80,000 11.66% 12.00%
Trade Receivables   4,50,000 3,20,000 15.00% 8.00%
Total   30,00,000 40,00,000 100.00% 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

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

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 19 Chapter 2 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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