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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Get complete step-by-step solutions for T.S. Grewal ISC Class 12 Accountancy Volume 2 - Chapter 3 - Common Size Statements. Study double-entry system details, practice timed problems, and verify answers directly.
From the following information of Royal Ltd., prepare the Common-Size Balance Sheet as at 31st March, 2026:
| Particulars | ₹ |
|---|---|
| Shareholders' Funds | 28,00,000 |
| Non-current Liabilities | 8,00,000 |
| Total Equity & Liabilities | 40,00,000 |
| Current Assets | 10,00,000 |
Note: Current liabilities (₹ 4,00,000) and Non-current assets (₹ 30,00,000) are the balancing figures.
| Item | Working | Amount (₹) |
|---|---|---|
| Current liabilities | 40,00,000 − 28,00,000 − 8,00,000 | 4,00,000 |
| Non-current assets | 40,00,000 − 10,00,000 | 30,00,000 |
Common Size Balance Sheet
| Particulars | Absolute amounts (₹) | Percentage of Balance Sheet total (%) |
|---|---|---|
| 2026 | 2026 | |
| I. EQUITY AND LIABILITIES | ||
| 1. Shareholders' funds | 28,00,000 | 70.00 |
| 2. Non-current liabilities | 8,00,000 | 20.00 |
| 3. Current liabilities | 4,00,000 | 10.00 |
| Total | 40,00,000 | 100.00 |
| II. ASSETS | ||
| 1. Non-current assets | 30,00,000 | 75.00 |
| 2. Current assets | 10,00,000 | 25.00 |
| Total | 40,00,000 | 100.00 |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.