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Question
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 | |
Solution
| 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 | |
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