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Question
Following is the Balance Sheet of Sakshi Traders for the year ended 31.3.17 and 31.3.18
| Liabilities | 31.3.17 (₹) | 31.3.18 (₹) | Assets | 31.3.17 (₹) | 31.3.18 (₹) |
| Equity Share Capital | 80,000 | 80,000 | Fixed Assets | 1,20,000 | 1,44,000 |
| Pref. Share Capita | 20,000 | 20,000 | Investment | 20,000 | 20,000 |
| Reserve & Surplus | 20,000 | 24,000 | Current Assets | 60,000 | 48,000 |
| Secured Loan | 40,000 | 16,000 | |||
| Unsecured Loan | 20,000 | 36,000 | |||
| Current Liabilities | 20,000 | 36,000 | |||
| 2,00,000 | 2,12,000 | 2,00,000 | 2,12,000 |
Prepare common-size Balance Sheet for the year 31.3.17 and 31.3.18
Solution
| Common Size Statement of Balance Sheet of Sakshi Traders as on 31st March 2017 and 31st March 2018 |
||||
| Particulars | Amount (₹) | % to total of Balance Sheet | ||
| 31 – 03 – 2017 (₹) | 31 – 03 – 2018 (₹) | 31 – 03 – 2017 (₹) | 31 – 03 – 2018 (₹) | |
| I. Sources of Funds : | ||||
| (1) Owner’s Equity | ||||
| Equity Share Capital | 80,000 | 80,000 | 44.45 | 45.45 |
| Preference Shares Capital | 20,000 | 20,000 | 11.11 | 11.36 |
| Reserve and Surplus | 20,000 | 24,000 | 11.11 | 13.64 |
| Net Worth | 1,20,000 | 1,24,000 | 66.67 | 70.45 |
| (2) Borrowed Funds | ||||
| Secured Loans | 40,000 | 16,000 | 22.22 | 9.09 |
| Unsecured Loans | 20,000 | 36,000 | 11.11 | 20.46 |
| 60,000 | 52,000 | 33.33 | 29.55 | |
| Total Borrowed Funds | 1,80,000 | 1,76,000 | 100 | 100 |
| II. Application of Funds | ||||
| (1) Fixed Assets | 1,20,000 | 1,44,000 | 66.67 | 81.82 |
| (2) Investments | 20,000 | 20,000 | 11.11 | 11.36 |
| 1,40,000 | 1,64,000 | 77.78 | 93.18 | |
| (3) Working Capital | ||||
| (A) Current Assets | 60,000 | 48,000 | - | - |
| Less : (B) Current Liabilities | 20,000 | 36,000 | - | - |
| 40,000 | 12,000 | 22.22 | 6.82 | |
| Total Funds Applied | 1,80,000 | 1,76,000 | 100 | 100 |
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