Question 23 Chapter 2 VK Publications Class 12 Part 2

Question 23 Chapter 2 VK Publications Class 12 Part 2 – 2021

Table of Contents

23. Prepare a Common Size Balance Sheet of Mahavir Steel Ltd. from the followinginformation: (Rs. In Lakhs)

The solution of Question 23 Chapter 2 VK Publications Class 12 Part 2: –

Common Size Balance Sheet Statement For the years ended 31st March, 2017 and 2018

Particulars	Note	Absolute Amounts		Percentage of the Balance sheet Total
		31.03.2017	31.03.2018	31.03.2017	31.03.2018
		Rs.	Rs.	%	%

I. Equity & Liabilities
1. Shareholder’s Fund
a. Share Capital		18.00	18.00	45.00	40.00
b. Reserve & Surplus		4.00	5.40	10.00	12.00
2. Non – current Liabilities
a. Long term Borrowings		14.00	14.40	35.00	32.00
2. Current Liabilities
a. Other Current Liabilities		2.80	5.36	7.00	11.91
b. Short term Provisions		1.20	1.84	3.00	4.09
Total		40.00	45.00	100	100.00

II. Assets
1. Non – current Assets
a. Fixed Assets		28.00	30.60	70.00	68.00
b. Non-Current Investments		8.00	10.40	20.00	23.11
2. Current Assets
a. Cash & Cash equivalent		4.00	4.00	10.00	8.89
Total		4.00	45.00	100	100.00

Financial Statement Analysis and its tools or Techniques

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

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