Question 20 Chapter 3 of +2-B
Table of Contents
Common-size Balance Sheet
20. Prepare Common-size Balance Sheet and Comment on the Financial position of Sun Ltd. And Star Ltd. The Balance Sheets of Sun Ltd. And Star Ltd. As at 31st March 2019 are:
| Particulars | 31st March, | 31st March, |
| 2019 | 2018 | |
| I. Equity and Liabilities | ||
| 1. Shareholders’ Funds | ||
| (a) Share Capital | 9,00,000 | 12,00,000 |
| (b) Reserves and Surplus | 4,00,000 | 3,50,000 |
| 3. Current Liabilities | ||
| (a) Short-term Borrowings | 2,00,000 | 2,50,000 |
| Total | 15,00,000 | 18,00,000 |
| II. Assets | ||
| 1. Non-Current Assets | ||
| Fixed Assets (Tangible Assets) | 10,00,000 | 16,00,000 |
| 2. Current Assets | ||
| Trade Receivables (Debtors) | 5,00,000 | 2,00,000 |
| Total | 15,00,000 | 18,00,000 |
The solution of Question 20 Chapter 3 of +2-B: –
| Comparative Balance Sheet of Sun Ltd. |
|||||
|
Particulars (1) |
Note no. (2) |
Absolute Amounts | Percentage of Revenue from Operations (net Sales) |
||
| Sun Ltd. (Rs.) |
Star Ltd. (Rs.) |
Sun Ltd. (%) |
Star Ltd. (%) |
||
| I. Equity and Liabilities | |||||
| 1. Shareholders’ Funds | |||||
| (a)Share Capital | 9,00,000 | 12,00,000 | 60.00% | 66.67% | |
| (b) Reserves and Surplus | 4,00,000 | 3,50,000 | 26.67% | 19.44% | |
| 3. Current Liabilities | 1,00,000 | 1,80,000 | 7.14% | 11.25% | |
| Trade Payables | 2,00,000 | 2,50,000 | 13.33% | 13.89% | |
| Total | 15,00,000 | 18,00,000 | 100.00% | 100.00% | |
| II. Assets | 2,30,000 | 2,10,000 | 16.43% | 13.13% | |
| 1.Non-Current Assets | |||||
| Fixed Assets (Tangible Assets) | 10,00,000 | 16,00,000 | 66.67% | 88.89% | |
| 2. Current Assets | |||||
| Trade Receivables (Debtors) | 5,00,000 | 2,00,000 | 33.33% | 11.11% | |
| Total | 18,00,000 | 18,00,000 | 100.00% | 100.00% | |
Balance Sheet: Meaning, Format & Examples
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T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
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