Question 20 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
From the following information, prepare common size balance sheet of Ishu Ltd.
| Particulars |
2022 | 2021 |
| Share Capital | 5,00,000 | 5,00,000 |
| Reserve & Surplus | 6,00,000 | 3,00,000 |
| Trade payable | 6,35,000 | 4,50,000 |
| Land and Building | 8,00,000 | 7,50,000 |
| Plant and Machinery | 3,15,000 | 2,50,000 |
| Goodwill | 50,000 | |
| Investments | 60,000 | 50,000 |
| Current Assets | 7,60,000 | 4,00,000 |
| Long term borrowings | 2,00,000 | 2,50,000 |
The solution of Question 20 Chapter 6 – Unimax Publication Class 12 Part 2 – 2021: –
Common Size Balance Sheet of Ishu Ltd.
As on 31-13-2021 & 31-12-2022
| Particulars |
Absolute amount 2021 |
% of Balance Sheet Total | Absolute amount 2022 | % of Balance Sheet Total |
| Equity and Liabilities |
||||
| 1.Shareholder’s Fund | ||||
| Share Capital | 5,00,000 | 33.333 | 5,00,000 | 25.84 |
| Reserve & Surplus | 3,00,000 | 20.00 | 6,00,000 | 31.01 |
| 2.Non-Current Liabilities | ||||
| Long term borrowing | 2,50,000 | 16.67 | 2,00,000 | 10.34 |
| 3.Current liabilities | ||||
| Trade payables | 4,50,000 | 30.00 | 6,35,000 | 32.82 |
| Total | 15,00,000 | 100.00 | 19,35,000 | 100.00 |
| Assets | ||||
| 1. Non-current Assets | ||||
| (a) Fixed Assets (Building) | ||||
| 1. Tangible assets | 10,00,000 | 66.67 | 11,15,000 | 57.62 |
| 2. Intangible assets | 50,000 | 3.33 | ||
| (a) Investments | 50,000 | 3.33 | 60,000 | 3.10 |
| 2.Current assets | 4,00,000 | 26.67 | 7,60,000 | 39.28 |
| Total | 15,00,00 | 100.00 | 19,35,000 | 100.00 |
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Comparative Statements – Balance Sheet & Profit and Loss
Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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