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

Answer 1

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