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

Question 20 Chapter 3 of +2-B

Question 20 Chapter 3 of +2-B

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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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)

  • 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)

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

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

2 Book 3 min 225x300 - Question 20 Chapter 3 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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