EXERCISE

Compaative Balance Sheet

CSahosL)
From the following information, prepare Comparative Balance Sheet of Sunrise Ltd.:

Particulars
31st March, 31st March,
2020 ) 2021
Shareholders' Funds
Non-current Liabilities Inc 15,00,000 22,50,000
7,50,000 7,50,000
Current Liabilities
2,50,000 7,50,000
Non-current Assets
17,50,000 26,25,000
Current Assets
7,50,000 11,25,000

Ans.:
Particulars Shareholders Non-current Current Non-current Current
Funds Liabilities Liabilities Assets Assets
Absolute Change ) 7,50,000 5,00,000 8,75,000 3,75,000
Percentage Change (%) 50.00 200.00 50.00 50.00

3From the following Balance Sheet, prepare Comparative Balance Sheet of Varun Ltd:
Particulars Note No. 31st March,
(Sckeall)
31st March,
2021 ) 2020 R)

1. EQUITY AND LIABILITIES

1. Shareholders' Funds
Share Capital 3,50,000 3,00,000
2. Non-Current Liabilities
Long-term Borrowings 1,00,000 2,00,000
3. Current Liabilities
Trade Payables 1,50,000 1,00,000
Total 6,00,000 6,00,000
I1. ASSETS
1. Non-Current Assets
Property, Plant and Equipment (Fixed Assets)-Tangible 4,00,000 3,00,000
2. Current Assets
Trade Receivables 2,00,000 3,00,000
Total 6,00,000 6,00,000
[Ans.
Non-current
Particulars Shareholders Current Non-current Current
Funds Liabilities Liabilities Assets Assets

Absolute Change (3) 50,000 (1,00,000) 50,000 1,00,000 (1,00,000)

Percentage Change (%) 16.67 (50.00) 50.00 33.33 (33.33)
3.30 Statements--CRe
Analysis of Financial BSEX
ollowing is the Balance Sheet of J.R. Ltd. as at 31st Mardy a
Particulars Note No. 31st March, 81st March
2021 )
2020
L. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital 15,00,000
(b) Reserves and 10,00,000
10,00,000
Surplus
2. Non-Current Liabilities 10,00,000
Long-term Borrowings
3. Current Liabilities
8,00,000 2,00,000
Trade Payables 5,00,000
Total 3,00,000
Il. ASSETS 38,00,000 25,00,000
1. Non-Current Assets
Property, Plant and Equipment (Fixed Assets):
) Tangible Assets
25,00,000 15,00,000
i) Intangible Assets
2. Current Assets 5,00,000 5,00,00
(a) Trade Receivables
(b) Cash and Cash 6,00,000 3,50,00
Equivalents 2,00,000 1,50,000
Total
38,00,000 25,00,000
You are required to
prepare Comparative Balance Sheet on the basis of the information given
above Balance Sheet. in the
Ans.:
Particulars Shareholders Non-current Current Non-current Current
Funds Liabilities Liabilities Assets Assets
Absolute Change () 5,00,000 6,00,000 2,00,000 10,00,000
Percentage Change (%) 25.00 300.00
3,00,000
66.67 50.00 60.00
4Balance Sheet of Raja Ltd. as at 31st March, 2021 is given below
BALANCE SHEET as at 31st March, 2021
Particulars
Note No. 31st March, 31st March,

I. EQUITY AND LIABILITIES

2021 ) 2020

1. Shareholders' Funds
(a) Share Capital
(b) Reserves and Surplus 3,26,000 2,44,000
Non-Current Liabilities 1,00,000 1,00,000
Long-term Borrowings
3. Current Liabilities 6,96,000 4,38,000
Trade Payables 2,98,000
Total 78,000
Il. ASSETS 14,20,000 8,60,000
1. Non-Current Assets
(a) Property,Plant and Equipment(Fixed Assets)
(b) Non-Current Investments 5,68,000 4,30,000
2. Current Assets 6,000 4,000
a) Trade Receivables
(b) Cash and Cash Equivalents 6,46,000 3,76,000
2,00,000 50,000
Total
14,20,000 8,60,000
Prepare Comparative Balance Sheet showing percentage changes from 2020 to 2021
Camparative Statements and Common-Size Statements 3.31

[Ans.
Particulars Shareholders' Non-current Current Property, Plant Non-Current Current
Funds Liablties Llabilites andEquipment Investments Assets
(Fixed Assets)
Absolute Change () 82,000 2,58,000 2,20,000 1,38,000 2,000 4,20,000
Percentage Change (96) 23.84 58.90 282.05 32.09 50.00 98.59
-1
5.fbllowing is the summarised Balance Sheet of Wye Ltd. as at 31st March, 2021:
Den
Particulars Note No. 31st March, 31st March,
2021) 2020(R)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital:
(0) Equity Share Capital 4,00,000 4,00,000
(01) Preference Share Capital 1,00,000 1,00,000
(b) Reserves and Surplus 1,20,000 1,10,000
2. Non-Current Liabilities
(a) Long-term Borrowings 4,50,000 4,50,000
(b) Long-term Provisions 50,000 1,00,000
3. Current Liabilities
(a) Trade Payables (Creditors) 5,30,000 3,30,000
(b) Short-term Provisions 50,000 50,000
Total
17,00,000 15,40,000
Il. ASSETS
1. Non-Current Assets
(a) Property, Plant and Equipment (Fixed Assets)-Tangible 9,90,000 10,40,000
(b) Non-Current Investments 1,00,000 1,00,000
2. Current Assets
(a) Trade Receivables 5,00,000 3,00,000
(b) Cash and Cash Equivalents 1,10,000 1,00,000
Total 17,00,000 15,40,000

Notes to Accounts
Particulars 31st March, 31st March,
2021 (R) 2020 R)
1. Long-term Borrowings
Bank Loan 3,50,000 4,50,000
8% Debentures 1,00,000
4,50,000 4,50,000
2. Cash and Cash Equivalents
Bank Balance 1,00,000 90,000
Cash in Hand 10,000 10,000
1,10,000 1,00,000
You are required to comment upon the changes in absolute figures from one period to another
[Ans.: Share Capital: No change; Reserves and Surplus- 10,000 (Increase); Long-term
Borrowings: Bank Loan1.00.000 (Decrease); 89% Debentures1,00,000 (Increase);
Long-term Provisions-50,000 (Decrease); Current Liabilities- 2.00.000(Increase)
Property, Plant and Equipment (Fixed Assets)-Tangible-50.000(Decrease);
Current Assets 2,10,000 (lncrease).]
 Analysls of
Financial
Statements--CBSE
3.32 as at31St
March, 2
at 31st March, 2021, prepare co Comparative Statements and Common-Size Statements 3.33

from the following

ing Balance Sheet
Balance of Royal
Sheetof Hoyai
Industries
Ltd.
CSCho
Note No. 31st March,
Compara Il. ASSETS
Balance CSheet
Balance

h,3st Ma 1. Non-Current Assets

2021 ) 22,50,000 15,00,000
Particulars Property, Plantand Equipment (Fixed Assets)-Tangible
2020R 2. Current Assets
4,50,000 2,50,000
(Inventories 8,00,000 4,50,000
I. EQUITY AND LIABILITIES (b) Trade Receivables
1. Shareholders' Funds (c) Cash and Cash Equivalents 1,00,000 50,000
(a) Share Capita: 10,00,000 36,00,000 22,50,000
Total
Equity Share Capital 1,00,000 5,00 Liabilities 609%;
(b) Reserves and Surplus 1,00m Ans.: Percentage Change: Share Capital 100%6; Reserves (33.33%);
Current Liabilities: Short-term Borrowings 100%:Trade Payables 1006; Short-term Provisions 10096
Non-Current

2. Non-Current Liabilities
2,00,000 Current Assets 806; Total 609%.]
Property, Plant and Equipment (Fixed Assets) 50%;
Long-term Borrowings
3. Current Liabilities
3,00.0
Loss (Income Statement)
2,00,000 Comparative Statement of Profit and
Trade Payables 1,00,0 Loss from the following information:Sho)
Total 15,00,000
10,00,0 Brepare Comparative Statement ofProfitand 31st March, 31st March,
IL. ASSETS Particulars 2020 ) 2019 )
1. Non-Current Assets 20,00,000
30,00,000
(a) Property, Plant and Equipment (Fied Assets; Revenue from Operations
3,60,000 4,00,000

) Tangible Assets 8,00,000 4,00,000

Other Income
21,00,000 12,00,000
i) Intangible Assets 2,00,000 2,00,00 Expenses
(b) Non-Current Investments 2,00,000
2. Currents Assets
2,00,000 Ans. Expenses
Profit before Tax
Other Income Total
Particulars
Revenue
a) Inventories 2,50,000 Revenue
(b) Cash and Cash 1,50,00 from Operations
9,60,000 9,00,000 60,000
Equivalents 50,000 50,000 Absolute Change () 10,00,000 (40,000) 75.00 5.00
Total (10.00) 40.00
50.00
15,00,000 0,00,00 Percentage Change (%)
ended 31st March,
Ltd. for the year
following Statement
of Profit and Loss of Skills India
Ans.: 9from the
2019, prepare a Comparative
Statement of Proñt and Loss
2018 and 31st March,
Particulars Share Non-current Curent Property, Plant and Note No. 31st March,

Capital Liabilities
Current Assets Particulars al noM\A t 2019 (R) 2018 ()
Liabilities Equipment (Fixed totlelcn
Assets)-Tangible Cmuleæ BactSry. 45,00,000
20,00,000
8,00,000
Absolute Change () 5,00,000 Revenue from Operations 10,00,000
(1,00,000) 1,00,000 4,00,000 1,00,000 2,00,000
Percentage Change (9%6) 100.00 Employee Benefit Expenses 5,00,000
(33.3) 100.00 100.00 50.00 Other Expenses
7From the following Balance Sheet of H.P Ltd. as at 31st March, 2021, Tax Rate 30%
(CBSE 2020)

Particulars prepare Comparative Balance Sheet

Note 31st March, Profit Profit
31st March, Total
No.
[Ans. from Employee Benefit
Other
before Tax after lax
2021 ) 2020 () Revenue
Expenses
1. EQUITY AND LIABILITIES Particulars Expenses
Operations Expenses 20,00,000 14,00,000
1. Shareholders' Funds 3,00,000 5,00,000 200
(a) Share Capital: 25,00,000 2,00,000 50 200
Absolute Change ) 150
6) Equity Share Capital 125 Coin Ltd. for the
Percentage Change (%) Loss of Gold
Statement of Profit and
(Gi) Preference Share Capital extracted from the
(6) Reserves and Surplus
12,50,000 5,00,000 Following
information is
31st March, 2014
2015:
2,50,000 2,50,000 31st March, 2015
2. Non-Current Liabilities year ended
31st March,
Long-term Borrowings: 12% Debentures 3,00,000 4,50,000 60,00,000
R45,00,000
Particulars R 22,50,000
Loan from Directors 30,00,000
Revenue from Operations 6,00,000
3. Current Liabilities 9,50,000 5,50,000 7,50,000
10,00,000
Employee Benefit Expenses
(a) Short-term Borrowings 2,50,000 2,00,000 15,50,000
30%
(b) TradePayahles Depreciation 0%
(Delhi 2016 )
(C) Short-term Provisions 3,50,000 1,75,000 Other Expenses
Total 2,00,000 1,00,000 Tax Rate
Statement
of Profit
and Loss.

50,000 25,000 Prepare

Comparative

36,00,000 22,50,000
 icof
Analysis Financial Statements
ofFin
ts-CBSE Comparative Statements and Common-Size Statements 3.35
3.34
Proft before Tax
Ans.: Other Proft [Ans.
ax Revenue from Other Total Revenue Total Profit UX Profit
Deprecia arter Tax Particulars
Particulars Hevenuefrom
Employee Expenses
50,000 15,000 Expenses before Tax after Tax
Operations Benefit Exp.
1,50,000
550,00
7.69 7.69
35,000 Absolute Change R)
Operations
12,50,000
Income
(50,000) 12,00,000 11,25,000 75,000 37,500 37,500
Absolute Change R) 15,00,000 7,50,00 S500 7.69 40.00 75.00 5.00 5.00 5.00
33.33
25.00
of Profit
Percentage Change (%)| 50.00 (10.00)
PercentageChange (%) 33.33 Starement
and Loss the Statement
Loss from the information extracted from
following
the
Profit and Loss
from
14Prepare a Comparative Statement of Profit and
Prepare Comparative Statement of NoteeNo. 31st March, 31st March 2017 and 2018.
of Profit and Loss for the year ended 31st March,
Particulars 2021 ) 2016-17 (R)
2020 Particulars
2017-18 )

. 15,00,000 10.00.000
Income 3,50,000 Revenue from Operations 60% 50%
Revenue from Operations (Net Sales) 3,00,00 Other Income (% of Revenue from Operations) 40% 3090
l. Expenses Employee Benefit Expenses (% of total revenue) 40/0
2,10,000 1,80,000
Purchases of Stock-in-Trade TX Rate (Delhi 2019)
Change in Inventories of Stock-in-Trade
15,000 20,00
17,500 15,00
Employees Benefit Expenses
Other Expenses 7,500 5,000 [Ans. Employee Proit Proft
Revenue from Other Income Total Revenue after lax
Total 2,50,000 2,20,000 Particulars Benefit Exp. before ax
Operations
5,10,000 3,90,000 2,34,000
I1. Profit
before Tax (1-1) 1,00,000 80,000 Absolute Change ) 5,00,000 4,00,000 9,00,000 37.14
113.33 37.14
IV. Less: Tax 60.00
V.
30,000 24,000 Percentage Change (9%) 50.00 80.00

Profit after Tax (l1-IM 70,000 Statement of Profit and Loss showing increase,
S6,000 Comparative
From the following information, prepare
15.
[Ans decrease and percentage:
31st March, 2021 31st March, 2020
Particulars Revenue Purchases of Change in Employees Other Profit Tax Profit Particulars F13,44,000 T6,0,000
from Stock-in-Trade Inventories of Beneht Expenses before after Consumed 125% 200%
Operations Stock-in-Trade Expenses Cost of Materials
Tax ax of Materials Consumed) 10%
Absolute Change ) Revenue from Operations (% 10%
50,000 30,000 (5,000) 2,500 of Operating Revenue) 50% 50%
2,500 20,000 6,000 14,000 Other Expenses (%
Percentage Change (96) 16.67 16.67 16.67 (25.00) 50.00 25.00 25.00 Tax Rate
25.00
12Frepare a Comparative Income Statement of Bikul Ltd. with Profñt after Tax
the help of the following information: [Ans. TotalExpenses Profñtbefore
Tax Tax
Particulars Revenue from Operations (1,56,000)
2016-17 () Particulars
7,92,000 3,12,000) (1,56,000)
Revenue from Operations 2017-18 ( Absolute Chenge R) 4,80,000
(65.00) (65.00) (65.00)
110.00
Cost of Materials Consumed 10,00,000 40.00
16,00,000 Percentode Change (6) Comparative
Statement

Employee Benefit Expenses 5,00,000 obtained from the books of Mark, prepare a

80,000 10,00,000 From the following

particulars
Other Indirect Expenses 6
60,000 40,000 of Profit and Loss: Note No. 31st March,
31st March,
Income Tax Rate 40%. 80,000 2018 R) 2017 (3)
Particulars
[Ans.: (CBSE 2019) 50,00,000 40,00,000
30,00,000
Particulars 40,00,000
Revenue fromCostof Materials Revenue from Operations 8,00,000
Onerations Consumed Employee Other Total Purchase of Stock-in-Trade
10,00,000
4,00,000
Absolute Change () 6,00,000 Beneht Exp. Indirect Profit Proit 5,00,000
Percentage Change (%) 60.00
5,00,000 (40,000) 20,000
Exp.Expenses before Tax afterTax
Changes in Inventory
2,50,000 2,00,000
100.00 4,80,000 Other Expenses (CBSE 2020)
(50.00) 33.33 1,20,000 72,000
13Prepare Comparative Statement of Profit and loss from 75.00 33.33 33.33
Other Incomes

Particulars the following J

Total Profit
Other
information: [Ans.:
Revenue from Other Purchases of Change in
Expenses Expenses After
Revenue from Operations 31st March, 2021 Stock-in-lrade
Inventories of Tax
31st March, 2020 Particulars Income
Other Income Operations Stock-in-Trade 1,00,000 13,00,000 (2,50,000)
Cost of Materials Consumed 37,50,000 25,00,000 50,000 10,00,000 2,00,000 30.95 ]
Other Expenses 4,50,000 T5,00,000 Absolute Change (R)
10,00,000
25 33.3 25 25
Tax Rate R22,50,000 R12,50,000 Percentage Change (%)
25

R3,75,000 2,50,000
50% 50%
 3.36 Financial
tatements-C
Analysis of

Comparative Statement
of Profit and LosSS:
Particulars Ormation, prepare
Revenue from Operations
31st March, 2021 31st March, 2020
Other Income 20,00,000
4,40,000
16,00,000
Cost of Materials
Consumed 8,00,000
3,00,000
Changes in
Inventories of 6,00,000
Expenses (% of CostFinished
74,00,000
Other
Tax Rate
Goods and Work-in-Progress
of Revenue from 15%
2,00,000
Operations) 10%
30%
30%
Ans.: Absolute and Percentage Changes: Revenue from Operations = 4,00,000; 250
Other
Income =
1,40,000; 46.67%, of Materials Consumed =R 2,00,000; 33,330
Cost
Change in Inventories of Finished Goods and Work-in-Progress 2,00,000; 1O =

Other Expenses =
1,00,000; 125%, ProDit before Tax =
40,000;3.9204
Profit after Tax R
18 From the
following Statenment of
=

28,000; 3.92%
Profit and Loss, prepi
epare Comparative Statement of
Particulars Profit and Loss:
Note No.31st March, 31st March
. Income 2021 2020
Revenue from
I1. Expenses Operations (Net Sales)
50,00,000 40,00,000
Purchases of Stock-in-Trade
Change in lInventories of Stock-in-Trade 34,00,000 28,50,000
Employees Benefit Expenses 1,00,000
Other Expenses 1,50,000
1,00,000 1,00,000
Total
2,00,000 1,50,000
IlI. Net Profit (1-) 38,00,000 32,50,000
Notes to Accounts 12,00,000 7,50,000
Particulars
31st March, 31st March,
1. Change in Inventories of Stock-in-Trade 2021 2020
Opening Inventory
Less: Closing Inventory
2,00,000 3,50,000
2. Other Expenses 1,00,000 2,00,000
Administrative Expenses 1,00,000 1,50,000
Selling and Distribution Expenses
50,000 50,000
1,50,000 1,00,000
Ans.: 2,00,000 1,50,000
Particulars
Revenue from Purchases
ofChange in Employees
Operations Stock-in-Trade Inventories Other
Absolute Change ) Ben. Exp. Total Net
10,00,000 5,50,000 Expenses
(50,000) Expenses Profit
Percentage Change (%) 25.00 19.30 50,000
(33.3) 5,50,000 4,50,000
33.33
16.92 60.00
 3.37
Comparative Statements and Common-Size Statements
Common-size Statement of Profit and Loss (Income Statement)
2015
From the following Statement of Profit and Loss of Star Ltd., for the years ended 31st March,
and 2016, prepare a Common-size statement:

Note No. 2015-16 2014-15

Particulars

Revenue from Operations 25,00,000 20,00,000

10,00,000 7 7,00,000
Employee Benefit Expenses
2,00,000 73,00,000
Other Expenses
40% 40%
Tax rate
(Delhi20170
[Ans. Proft after
Other Profit Tax
Year
Revenue from Employees
before Tax Tax
Operations Benefit Expenses Expenses
50 20 30
2014-15 (%) 100 35 15
40 8 52 20.80 31.20
2015-16 (9%6) 100

Loss from the following Statement of Profit and Loss:

20 Prepare Common-size Statement of Profit and
Note 31st March,
Particulars
No. 2021
I. Income
15,00,000
Revenue from Operations
60,000
Other Income
15,60,000
Total Revenue

I. Expenses 7,50,000
Purchases of Stock-in-Trade
50,000
Change in Inventories of Stock-in-Trade 2,10,000
Other Expenses
10,10,000
Total
5,50,000
II. Profitbefore Tax (1-i)

[Ans.: Revenue from Operations-100%;

Other Income 4%; Purchases of Stock-in-Trade-50%;
Profit before Tax-36.67%.]
Change in Inventories of Stock-in-Trade-3.33%; Other Expenses-14%;
Statement of Profit and Loss:
of Profit and Loss from the following
21 Prepare Common-size Statement Year I) Year II )
Note No.
Particulars
. Income 16,00,000
14,00,000
Revenue from Operations (Net Sales)
IL. Expenses
9,00,000 10,00,000
Purchases of Stock-in-Trade 1,00,000 1,80,000
Change inInventories of Stock-in-Trade 80,000 80,000
Finance Costs 90,000 1,30,000
Other Expenses 13,90,000
11,70,000
Total
2,30,000 2,10,000
II. Profit before Tax (1-1)
40,000 36,000
IV. Less: Tax
V. Proft
1,90,000 1,74,000
after Tax(1-IV)
 3.38
[Ans.
Analysis of Financial
atements-C
Particulars Purchases of Change in Finance Other Profit
Stock-in-Trade Inventories Costs Expenses before Tax
YearI (% of ter
Year ll (% Revenue from Operations) 64.29 7.14 5.71 6.43 16.43
of Revenue from 5.00 8.13
Operations) 62.50 11.25 13.13
22.
Prepare Common-s
a

Particulars Statement of Profit and Loss of Hari Darshan Ltd' from the following inf
Note No. 2018-19 ) ormati
Revenue from
Purchase of Operations 2017-18
Stock-in-Trade
Changes in Inventories a
cOML 20,00,000
7,70,000 10,00.0
Other Expenses 1,20,000 4,20,00
Other Incomes o@me
52,000 80,00
Tax Rate 50% 30,000
60,000
50,00
LAns.: 2018-19:
Other Income =3%; Total Revenue (Delhi 2019
1036; Purchase of
=

Change in
Inventories 6%; Other = Stock-in-Tradé 385 =

expenses 2.6%; Total =

expenses = 47.1
2017-18: Other Income 5%; Total Profit before Tax 55.9%; Profit after =

Tax =27.95
Revenue
Change in Inventories 8%; Other105%; Purchase of Stock-in-Trade =4
23. Expenses 3%;
Profit before Tax 52%; Total Expenses =53
Prepare Common-size Statement of Profit Profit after Tax = =

Particulars and Loss from the 26%

following information:
Revenue from 31st March,
31st March
Other Income Operations me 2021 )
2020 )
Cost of Materials Consumed 25,00,000
20,00,000
Other Expenses
0nOn
Employees Benefit ExpensesonO 1,00,000 50,000
15,00,000 10,00,000
Additional Information: 3,00,000
Other 2,00,000 4,50,000
31st March, 2020 and 2,50,000expenses include Provision for 3,50,000
for the year ending 31st Tax of
Ans.: 31st March, 2020: Other March, 2021 2,00,000 for the year
Income 2.5%;
ending
Consumed 50%; Employee
=
=

Total Revenue
Total Expenses Benefit 102.5%; =

67.5%; Profit Expenses 10%; Other Cost of Materno

=
=

31stMarch, 2021: before Tax 35%; Profit Expenses

Cost of
5% =

Materials Other Income =4%; after Tax

Other Expenses Consumed =
Total
86; Total 60%; Employee Benefit Revenue 12t%
=
104%

Common-size Balance Sheet Expenses 80%; Profit Expenses 24%

24. From the before 1aX
following information, Profit after Tax 14
Particulars
prepare a Common- n-size Balance Sheet:
=

Shareholders' Funds 31st March,

2021 ) 31st March,
Non-current Liabilities
2020 ()
Current Liabilities
Non-current Assets
5,40,000 3,60,000

Current Assets
1,80,000 1,80,000
1,80,000 60,000
6,30,000 4,20,000
2,70,000 1,80,000
 Statements
3.39
Comparative Statements and Common-Size
narative St

Ans.: Current Non-current Current

Veare n d e d
Shareholders Non-current
Assets
Funds Liabilities Liabilities Assets
70 30
2020(9%) 60 30 10
31stMarch, 60 20 20 70 30
2021 (96)
31stMarch, and
Balance Sheet and comment on the financial position of Sun Ltd.
5, Prepare Common-size of Sun Ltd. and Star Ltd. at 31st March, 2021 are:
Star Ltd. The Balance Sheets
as

Sun Ltd. ()Star Ltd.R)

Particulars

EQUITY AND LIABILITIES

1. Shareholders' Funds
9,00,000 12,00,000
(a) Share Capital
4,00,000 3,50,000
(b) Reserves and Surplus
2. Current Liabilities
2,00,000 2,50,000
Trade Payables (Creditors)
15,00,000 18,00,000
Total
I. ASSETS
1. Non-Current Assets
Property, Plantand Equipment (Fixed Assets)-Tangible 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

Ans.:
Share Capital Reserves and Surplus Current Liabilities Non-current Assets Current Assets
Particulars
Sun Ltd. (9%) 60.00 26.67 13.33 66.67 33.33
Star Ltd. (96) 66.67 19.44 13.89 88.89 11.11
Common-size Balance Sheet:
26. From the following information, prepare a

BALANCE SHEET as at 31st March, 2021

Particulars Note 31stMarch, 31st March,
No. 2021 ) 2020 )
L. EQUITY AND LIABILITIES
1. Shareholders' Funds
a) Share Capital 32,00,000 18,00,000
(6) Reserves and Surplus 8,00,000 6,00,000
2. Non-Current Liabilities
Long-term Borrowings 16,00,000 12,00,000
3. Current Liabilities
Short-term Borrowings 8,00,000 12,00,000
Total 64,00,000 48,00,000
l. ASSETS
1, Non-Current Assets
la) Property, Plant and Equipment (Fixed Assets):
Tangible Assets 18,00,000 16,00,000
(6) Non-current Investments 8,00,000 6,00,000
2. Current Assets
a) Inventories 10,00,000 8,00,000
6) Trade Receivables 16,00,000 12,00,000
) Cash and Cash Equivalents 12,00,000 6,00,000
Total
64,00,000 48,00,000
3.40
Analysis of Financial Statements
37.5%; Reserves and Surplus = 12.5%;
= 12 Co N
Share Capital
=

5 3 . 3 3 0 Non-CurrentInvecth
2020:
Ans.:Yearended 31st March, 25%; Fixed Assets estment
Liabilities 25%; Current Liabilities = and Cash Eauie
Receivables=25%; Cash
=

inventories 16.676: Trade Jivalent

plus =12.5%; N
=

Capital= 50%; Reserves

and Surplus 12.596
=

Year
Year ended 31st March, 2021: Share
28.13%; Non-current Investmen
Liabilities= 25%; Current Liabilities 12.5%; Fixed Assets Cash and Cash Equivalente
Inventories 15.626; Trade Receivables =25%;