Prepare a common size Balance Sheet of KJ Ltd. from the following information:
Particulars Note
No. 31.3.2017
Rs. 31.3.2016
Rs.
I- Equity and Liabilities:-

1. Shareholder's Funds $8, 00, 000$ $4, 00, 000$
2. Non-current Liabilites $5, 00, 000$ $2, 00, 000$
3. Current Liabilities $3, 00, 000$ $2, 00, 000$
Total $¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 16, 00, 000 - --------- -$ $¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 8, 00, 000 - -------- -$
II- Assets
1. Non-current Assets $10, 00, 000$ $5, 00, 000$
2. Current Assets $6, 00, 000$ $3, 00, 000$
Total $¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 16, 00, 000 - --------- -$ $¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 8, 00, 000 - -------- -$

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Solution

In the books of KJ Ltd.

Common size – Balance Sheet as per Schedule III, Companies Act 2013

Particulars

Note No.

PY (31.3.16)

CY (31.3.16)

Percentage Change

2016

2017

I. Equity and liabilities

1. Shareholder’s funds

4,00,000

8,00,000

50

50

2. Non-current liabilities

2,00,000

5,00,000

25

31.25

3. Current liabilities

2,00,000

3,00,000

25

18.75

Total

8,00,000

16,00,000

100

100

II. Assets

1. Non-current assets

5,00,000

10,00,000

62.5

62.5

2. Current assets

3,00,000

6,00,000

37.5

37.5

Total

8,00,000

16,00,000

100

100

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	Particulars	Note No.	31.3.2017 Rs.	31.3.2016 Rs.
I-	Equity and Liabilities:-
1.	Shareholder's Funds		$8, 00, 000$	$4, 00, 000$
2.	Non-current Liabilites		$5, 00, 000$	$2, 00, 000$
3.	Current Liabilities		$3, 00, 000$	$2, 00, 000$
		Total	$¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 16, 00, 000 - --------- -$	$¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 8, 00, 000 - -------- -$
II-	Assets
1.	Non-current Assets		$10, 00, 000$	$5, 00, 000$
2.	Current Assets		$6, 00, 000$	$3, 00, 000$
		Total	$¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 16, 00, 000 - --------- -$	$¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 8, 00, 000 - -------- -$

Particulars	Note No.	PY (31.3.16)	CY (31.3.16)	Percentage Change
				2016	2017
I. Equity and liabilities
1. Shareholder’s funds		4,00,000	8,00,000	50	50
2. Non-current liabilities		2,00,000	5,00,000	25	31.25
3. Current liabilities		2,00,000	3,00,000	25	18.75
Total		8,00,000	16,00,000	100	100
Total

II. Assets
1. Non-current assets		5,00,000	10,00,000	62.5	62.5
2. Current assets		3,00,000	6,00,000	37.5	37.5
Total		8,00,000	16,00,000	100	100