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Question
Prepare a Common Size Balance Sheet of X Ltd. from the following information:
| Balance Sheet of X Ltd. as on 31st March, 2023 | |||
| Particulars | Note No. | 31.3.2023 (₹) | 31.3.2022 (₹) |
| I. Equity and Liabilities: | |||
| 1. Shareholders' funds | |||
| (a) Equity Share Capital | 30,00,000 | 15,00,000 | |
| (b) Reserves and Surplus | 10,00,000 | 5,00,000 | |
| 2. Non-current liabilities | 20,00,000 | 20,00,000 | |
| 3. Current liabilities | 20,00,000 | 10,00,000 | |
| Total | 80,00,000 | 50,00,000 | |
| II. Assets: | |||
| l. Non-current assets | 40,00,000 | 30,00,000 | |
| 2. Current asset | |||
| (a) Inventories | 40,00,000 | 20,00,000 | |
| Total | 80,00,000 | 50,00,000 | |
Ledger
Solution
| Common Size Balance Sheet as at 31st March 2022 and 31st March 2023 |
|||||
| Particulars | Note No. | Absolute Amounts | Percentage of Balance Sheet Total | ||
| 2022 (₹) | 2023 (₹) | 2022 | 2023 | ||
| I. EQUITY AND LIABILITIES: | (%) | (%) | |||
| 1. Shareholders' Funds | |||||
| a) Share Capital | 15,00,000 | 30,00,000 | 30 | 37.5 | |
| b) Reserves and Surplus | 5,00,000 | 10,00,000 | 10 | 12.5 | |
| 2.Non-current Liabilities | 20,00,000 | 20,00,000 | 40 | 25 | |
| 3.Current Liabilities | 10,00,000 | 20,00,000 | 20 | 25 | |
| Total | 50,00,000 | 80,00,000 | 100.00 | 100.00 | |
| II. ASSETS: | |||||
| 1. Non-Current Assets | 30,00,000 | 40,00,000 | 60 | 50 | |
| 2. Current Assets | 20,00,000 | 40,00,000 | 40 | 50 | |
| (a) Inventories | |||||
| Total | 50,00,000 | 80,00,000 | 100.00 | 100.00 | |
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