Advertisement

Question 20 Chapter 3 of +2-B – T.S. Grewal 12 Class

Question 20 Chapter 3 of +2-B
Question No. 20 - Chapter No.3 - T.S. Grewal +2 Book Part B

Advertisement

Question 20 Chapter 3 of +2-B

Advertisement

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:

Particulars31st March,31st March,
 20192018
I. Equity and Liabilities   
1. Shareholders’ Funds  
(a) Share Capital9,00,00012,00,000
(b) Reserves and Surplus4,00,0003,50,000
3. Current Liabilities  
(a) Short-term Borrowings2,00,0002,50,000
Total15,00,00018,00,000
II. Assets  
1. Non-Current Assets   
Fixed Assets (Tangible Assets)10,00,00016,00,000
2. Current Assets  
Trade Receivables (Debtors) 5,00,0002,00,000
Total15,00,00018,00,000

The solution of Question 20 Chapter 3 of +2-B: – 

Comparative Balance Sheet of Sun Ltd.

Particulars

(1)

Note no.
(2)
Absolute AmountsPercentage 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 9,00,00012,00,00060.00%66.67%
(b) Reserves and Surplus 4,00,0003,50,00026.67%19.44%
3. Current Liabilities 1,00,0001,80,0007.14%11.25%
Trade Payables 2,00,0002,50,00013.33%13.89%
Total  15,00,00018,00,000100.00%100.00%
II. Assets 2,30,0002,10,00016.43%13.13%
1.Non-Current Assets     
Fixed Assets (Tangible Assets) 10,00,00016,00,00066.67%88.89%
2. Current Assets     
Trade Receivables (Debtors) 5,00,0002,00,00033.33%11.11%
Total 18,00,00018,00,000100.00%100.00%



Balance Sheet: Meaning, Format & Examples

Advertisement-X

Thanks, Please Like and share with your friends  

Comment if you have any question.

Also, Check out the solved question of previous Chapters: –

\

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

Advertisement

Advertisement

error: Content is protected !!