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Standard XII
Accountancy
Common Size Balance Sheet
Following is ...
Question

Following is the Balance Sheet of Raj Oil Mills Limited as at March 31, 2016

Particulars Rs.
I. Equity and Liabilities:
1. Shareholders’ funds
a) Share capital
 7,90,000
b) Reserves and surplus
 35,000
2. Current Liabilities
a) Trade Payables
 72,000
Total 8,97,000
II. Assets
1. Non-current Assets
a) Fixed assets
Tangible assets
 7,53,000
2. Current Assets
a) Inventories
 55,800
b) Trade Receivables
 28,800
c) Cash and cash equivalents
 59,400
Total 8,97,000

Calculate Current Ratio.

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Solution

Current Assets = Inventories +Trade Receivables + Cash

= 55,800 + 28,800 + 59,400

= Rs 1,44,000

Current Liabilities = Trade Payables = Rs 72,000


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Q.

Following is the Balance Sheet of Mevanca Limited as at 31st March, 2017:

Mevanca Limited BALANCE SHEET
as at 31st March, 2017:
Particulars
Note No.
31st March, 2017
(₹)
31st March, 2016
(₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital
3,00,000
1,00,000
(b) Reserves and Surplus
1
25,000
1,20,000
2. Non-Current Liabilities
Long-term Borrowings
2
80,000
60,000
3. Current Liabilities
(a) Trade Payables
6,000
20,000
(b) Short-term Provisions
 3
68,000
70,000
Total
4,79,000
3,70,000
II. ASSETS
1. Non-Current Assets
Fixed Assets
 4
3,36,000
1,92,000
2. Current Assets
(a) Inventories
67,000
60,000
(b) Trade Receivables
51,000
65,000
(c) Cash and Cash Equivalents
25,000
49,000
(d) Other Current Assets
…
4,000
Total
4,79,000
3,70,000

Notes to Accounts

Particulars
31st March, 2017
(₹)
31st March, 2016
(₹)
1. Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit and Loss
25,000
1,20,000
25,000
1,20,000
2. Long-term Borrowings
10% Long-term Loan
80,000
60,000
80,000
60,000
3. Short-term Provisions
Provision for Tax
68,000
70,000
68,000
70,000
4. Fixed Assets
Machinery
3,84,000
2,15,000
Accumulated Depreciation
(48,000)
(23,000)
3,36,000
1,92,000

Additional Information:
(i) Additional loan was taken on 1st July, 2016.
(ii) Tax of ₹ 53,000 was paid during the year.
Prepare Cash Flow Statement.

Q.

Following are the balance sheets of Alpha Ltd. as at March 31st, 2016 and 2017:

Particulars 2016
Rs.		 2017
Rs.
I. Equity and Liabilities

Equity share capital
 2,00,000 4,00,000
Reserves and surplus
 1,00,000 1,50,000
Long-term borrowings
 2,00,000 3,00,000
Short-term borrowings
 50,000 70,000
Trade payables
 30,000 60,000
Short-term provisions
 20,000 10,000
Other current liabilities
 20,000 30,000
Total 6,20,000 10,20,000
II. Assets
Fixed assets
 2,00,000 5,00,000
Non-current investments
 1,00,000 1,25,000
Current investments
 60,000 80,000
Inventories
 1,35,000 1,55,000
Trade receivables
 60,000 90,000
Short term loans and advances
 40,000 60,000
Cash at bank
 25,000 10,000
Total 6,20,000 10,20,000
Q. Following are the balance sheet of Reddy Limited as on 31 March, 2011 and 2012.
Liabilities2011 ( Rs)2012 ( Rs)Assets2011 ( Rs)2012 ( Rs)Share Capital2,4003,600Land and 1,6201,040BuildingsReserves andPlant and 1,8604,716Surplus1,8722,124MachineryDebentures300600Furniture and Fixtures54108Long TermOther FixedDebt9001,530Assets120180Bills Payable1,530702Long TermLoans276354Other CurrentCash and Liabilities4260Bank70860BalancesBill1,2541,120ReceivableStock960780PrepaidExpenses1818Other CurrentAssets1742407,044––––––––––––8,616––––––––––––7,044––––––––––––8,616––––––––––––
Analyse the financial position of the company wih the help of the Common Size Balance Sheet.
Q. From the following Balance Sheet of Mohan Ltd., prepare cash flow Statement:
Balance Sheet of Mohan Ltd.,
as at 31st March 2016 and 31 March 2017
Particulars Note No. March 31, 2017
(Rs)		 March 31, 2016
(Rs)
I) Equity and Liabilities
1. Shareholders’ Funds
a) Equity share capital
 3,00,000 2,00,000
b) Reserves and surplus
 2,00,000 1,60,000
2. Non-current liabilities
a) Long-term borrowings
 1 80,000 1,00,000
3. Current liabilities
Trade payables
 1,20,000 1,40,000
Short-term provisions
 2 70,000 60,000
Total 7,70,000 6,60,000
II) Assets
1. Non-current assets
Fixed assets
 3 5,00,000 3,20,000
2. Current assets
a) Inventories
 1,50,000 1,30,000
b) Trade receivables
 4 90,000 1,20,000
c) Cash and cash equivalents
 5 30,000 90,000
Total 7,70,000 6,60,000

Notes to accounts:

 2017 2016
1. Long-term borrowings
Bank Loan
 80,000 1,00,000
2. Short-term provision
Proposed dividend
 70,000 60,000
3. Fixed assets 6,00,000 4,00,000
Less: Accumulated Depreciation
 1,00,000 80,000
(Net) Fixed Assets
 5,00,000 3,20,000
4. Trade receivables
Debtors
 60,000 1,00,000
Bills receivables
 30,000 20,000
90,000 1,20,000
5. Cash and cash equivalents
Bank
 30,000 90,000

Additional Information:

Machine Costing Rs. 80,000 on which accumulated depreciation was Rs. 50,000 was sold for Rs. 20,000.
Q.

Following are the balance sheets of Beta Ltd. at March 31st, 2016 and 2017:

Particulars 2017
Rs.		 2016
Rs.
I. Equity and Liabilities

Equity share capital
 4,00,000 3,00,000
Reserves and surplus
 1,50,000 1,00,000
Loan from IDBI
 3,00,000 1,00,000
Short-term borrowings
 70,000 50,000
Trade payables
 60,000 30,000
Short-term provisions
 10,000 20,000
Other current liabilities
 1,10,000 1,00,000
Total 11,00,000 7,00,000
II. Assets

Fixed assets
 4,00,000 2,20,000
Non-current investments
 2,25,000 1,00,000
Current investments
 80,000 60,000
Stock
 1,05,000 90,000
Trade receivables
 90,000 60,000
Short term loans and advances
 1,00,000 85,000
Cash and cash equivalents
 1,00,000 85,000
Total 11,00,000 7,00,000
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