Question

Prepare a Common Size balance sheet from the following balance sheet of Aditya Ltd. and Anjali Ltd.: Particulars Aditya Ltd. Rs. Anjali Ltd. Rs. I. Equity and Liabilities a) Equity share capital 6,00,000 8,00,000 b) Reserves and surplus 3,00,000 2,50,000 c) Current liabilities 1,00,000 1,50,000 Total 10,00,000 12,00,000 II. Assets a) Fixed assets 4,00,000 7,00,000 b) Current assets 6,00,000 5,00,000 Total 1,00,0000* 12,00,000 *The total of Liabilities side must be equal to the total of Assets side, therefore, it should be 10,00,000.

Answer 1

Given :Aditya Ltd. and Anjali Ltd.: Particulars Aditya Ltd. Rs. Anjali Ltd. Rs. I. Equity and Liabilities a) Equity share capital 6,00,000 8,00,000 b) Reserves and surplus 3,00,000 2,50,000 c) Current liabilities 1,00,000 1,50,000 Total 10,00,000 12,00,000 II. Assets a) ………..

Complete question is in the attachment.

Concept :  

Comparative common size balance sheet :

• The common size statements are shown in analytical percentages. The figures of these statements are shown as percentage of Total assets, Total liabilities and revenue from operations.
• Common size balance sheets are those in which figures of amount are converted into percentage to some common base.

Under Equity and liabilities heading in a Balance sheet :  

1. Shareholders funds :

• Share capital
• Reserves and surplus
• Money received against share warrants

2. Share application money pending allotment

3. Non current liabilities :

• Long term borrowings
• Deferred tax liabilities
• Other long term liabilities
• Long term provisions

4. Current liabilities :  

• Short term borrowings
• Trade payables
• Other current liabilities
• Short term provisions

Under Assets heading in a Balance sheet :  

1. Non current assets :

• (A) Fixed assets -  

1. Tangible assets
2. Intangible assets
3. Capital work in progress
4. Intangible assets under development

• (B) non current Investments
• (C) deferred tax assets
• (D) Long term loans and advances
• (E) Other non current Assets

2. Current assets :  

• Current Investments
• Inventories
• Trade receivables
• Cash and cash equivalents
• Short term loans and advances
• Other current assets

The Common Size balance sheet is in the attachment below :  

Hope this answer will help you..

Some more questions of this chapter :  

Following are the balance sheets of Beta Ltd. at March 31st, 2016 and 2017: Particulars 2017 Rs. 2016 Rs. I. Equity and Liabilities Equity share capital 4,00,000 3,00,000 Reserves and surplus 1,50,000 1,00,000 Loan from IDBI 3,00,000 1,00,000 Short-term borrowings 70,000 50,000 Trade payables 60,000 30,000 Short-term provisions 10,000 20,000 Other current liabilities 1,10,000 …….

https://brainly.in/question/17093546

 

Prepare a balance sheet of Black Swan Ltd., as at March 31, 2017 form the following information General Reserve 3,000 10% Debentures 3,000 Statement of Profit & Loss 1,200 Depreciation on fixed assets 700 Gross Block 9,000 Current Liabilities 2,500 Preliminary Expenses 300 6% Preference Share Capital 5,000 Cash & Cash Equivalents 6,100

https://brainly.in/question/17093544

Answer 2

I HOPE IT HELPS YOU ..THANKS FOR THE POINTS