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प्रश्न
From the following Balance Sheets of Vinayak Ltd. as of 31st March 2021, Prepare a Common-size Balance Sheet.
| Vinayak Ltd. Balance Sheet as of 31st March, 2021 | |||
| Particulars | Note no. | 31.3.2021 (₹) | 31.3.2020 (₹) |
| I EQUITY AND LIABILITIES | |||
| 1. Shareholder’s Funds: | |||
| a. Share Capital | 30,50,000 | 20,00,000 | |
| b. Reserve and Surplus | 2,80,000 | 6,00,000 | |
| 2. Current Liabilities: | |||
| a. Trade Payable | 6,70,000 | 4,00,000 | |
| Total | 40,00,000 | 30,00,000 | |
| II ASSETS | |||
| 1. Non-Current Assets: | |||
| a. Fixed Assets: | |||
| i. Tangible Assets | 16,00,000 | 12,00,000 | |
| ii. Intangible Assets | 2,00,000 | 3,00,000 | |
| 2. Current Assets | |||
| a. Inventories | 8,00,000 | 3,00,000 | |
| b. Trade Receivables | 12,00,000 | 10,00,000 | |
| c. Cash and Cash Equivalents | 2,00,000 | 2,00,000 | |
| Total | 40,00,000 | 30,00,000 | |
उत्तर
| COMMON SIZE BALANCE SHEET OF SURAKSHA LTD. as of 31st March 2020 and 2021 |
|||||
| Absolute Amounts | % Of Balance Sheet total | ||||
| Particulars | Note no | 31.3.2020 (`) | 31.3.2021 (`) | 31.3.2020 (%) | 31.3.2021 (%) |
| I EQUITY AND LIABILITIES | |||||
| 1. Shareholder’s Funds: | 20,00,000 | 30,50,000 | 66.67 | 76.25 | |
| a. Share Capital | 6,00,000 | 2,80,000 | 20.00 | 7.00 | |
| b. Reserve and Surplus | |||||
| 2. Current Liabilities: | |||||
| a. Trade Payable | 4,00,000 | 6,70,000 | 13.33 | ||
| Total | 30,00,000 | 40,00,000 | 100.00 | 100.00 | |
| II ASSETS | |||||
| 1. Non-Current Assets: | |||||
| a. Fixed Assets: | |||||
| i. Tangible Assets | 12,00,000 | 16,00,000 | 40.00 | 40.00 | |
| ii. Intangible Assets | 3,00,000 | 2,00,000 | 10.00 | 5.00 | |
| 2. Current Assets | |||||
| a. Inventories | 3,00,000 | 8,00,000 | 10.00 | 20.00 | |
| b. Trade Receivables | 10,00,000 | 12,00,000 | 33.33 | 30.00 | |
| c. Cash and Cash Equivalents | 2,00,000 | 2,00,000 | 6.67 | 5.00 | |
| Total | 30,00,000 | 40,00,000 | 100.00 | 100.00 | |
APPEARS IN
संबंधित प्रश्न
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| Group A | Group B |
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| (b) Equity share Capital | (2) Share warrant holder |
| (c) Share Certificate | (3) Investment in current assets |
| (D) Debentures | (4) Investment in fixed assets |
|
(e) Dividend warrant |
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| (7) Bearer Document | |
| (8) Registered Document | |
| (9) Interest | |
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Long Answer Question
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| Case II | Vijay did not pay allotment and first call, his shares were forfeited after first call. |
| Case III | Vijay failed to pay first call and his shares were forfeited immediately. |
| Case IV | Vijay failed to pay both the calls and his shares were forfeited. |
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| Aradhana Ltd. Balance Sheet as on 31st March, 2021 | |||
| Particulars | Note No. | 31st March, 2020 | 31st March, 2021 |
| I. Equity and Liabilities | |||
| 1. Shareholder’s Funds | |||
| (a) Share Capital | 5,00,000 | 7,30,000 | |
| (b) Reserves and Surplus | 1 | 3,50,000 | 3,70,000 |
| 2. Non-current Liabilities | |||
| Long-term Borrowings | 2 | 4,00,000 | 2,00,000 |
| 3. Current Liabilities | |||
| (a) Trade Payables | 3 | 3,60,000 | 4,60,000 |
| (b) Short Term provisions | 4 | 3,25,000 | 3,20,000 |
| Total | 19,35,000 | 20,80,000 | |
| II. Assets | |||
| 1. Non-current Assets | |||
| (a)Fixed Assets | 5 | ||
| (i) Tangible Assets | 6 | 4,50,000 | 5,00,000 |
| (ii) Intangible Assets | 3,10,000 | 3,02,000 | |
| (b)Long-term Loans and Advances | 4,00,000 | 4,30,000 | |
| 2. Current Assets | |||
| (a) Inventories | 2,70,000 | 2,90,000 | |
| (b) Trade Receivables | 2,40,000 | 2,60,000 | |
| (c) Cash and Cash Equivalents | 2,65,000 | 2,98,000 | |
| Total | 19,35,000 | 20,80,000 | |
Note to Accounts
| Particulars | 31st March 2020 | 31st March 2021 |
| 1. Reserves and Surplus Statement of Profit and loss | 3,50,000 | 3,70,000 |
| 2. Long-term Borrowings 10% Debentures | 4,00,000 | 2,00,000 |
| 3. Trade Payables | ||
| Creditors | 2,40,000 | 2,60,000 |
| Bills Payable | 1,20,000 | 2,00,000 |
| 3,60,000 | 4,60,000 | |
| 4. Short-Term Provisions Provision for Tax | 3,25,000 | 3,20,000 |
| 5. Tangible Fixed Assets | ||
| Machinery | 5,50,000 | 6,60,000 |
| Less: Provision for Depreciation | 1,00,000 | 1,60,000 |
| 4,50,000 | 5,00,000 | |
| 6. Intangible Fixed Assets Patents | 3,10,000 | 3,02,000 |
Additional Information:
- Debentures were redeemed on 1st April,2020.
- Tax paid during the year ₹2,80,000.
What are preference shares?
