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Question
From the following particulars, prepare a common size balance sheet of Rima Ltd.
| Particulars | 31.3.2024 (₹) |
31.3.2023 (₹) |
| Share Capital | 33,00,000 | 32,00,000 |
| Property, Plant and Equipment and Intangible Assets | 40,00,000 | 35,00,000 |
| 6% Government Bonds | 6,00,000 | 6,00,000 |
| 5% Debentures | 16,00,000 | 14,00,000 |
| Reserves and Surplus | 2,00,000 | 5,00,000 |
| Short Term Investment | 4,00,000 | 5,00,000 |
| Inventories | 6,00,000 | 8,00,000 |
| Trade Payables | 6,00,000 | 5,00,000 |
| Cash and Bank Balance | 1,00,000 | 2,00,000 |
Ledger
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Solution
| Common Size Balance Sheet of Rima Ltd. as at 31st March, 2024 and 2023 |
|||||
| Particulars | Note No. |
Absolute Amounts | Percentage of Balance Sheet Total | ||
| 31.3.2024 (₹) |
31.3.2023 (₹) |
31.3.2024 (₹) |
31.3.2023 (₹) |
||
| I. EQUITY AND LIABILITIES: | |||||
| 1. Shareholder’s Funds: | |||||
| (a) Share Capital | 33,00,000 | 32,00,000 | 57.89 | 57.14 | |
| (b) Reserves & Surplus | 2,00,000 | 5,00,000 | 3.51 | 8.93 | |
| 2. Non-Current Liabilities: | |||||
| Long-term Borrowings | 16,00,000 | 14,00,000 | 28.07 | 25.00 | |
| 3. Current Liabilities: | |||||
| Trade Payable | 6,00,000 | 5,00,000 | 10.53 | 8.93 | |
| Total | 57,00,000 | 56,00,000 | 100 | 100 | |
| II. ASSETS: | |||||
| 1. Non-Current Assets: | |||||
| (a) Property, Plant and Equipment and Intangible Assets | 40,00,000 | 35,00,000 | 70.17 | 62.50 | |
| (b) Non-current Investments | 6,00,000 | 6,00,000 | 10.53 | 10.71 | |
| 2. Current Assets: | |||||
| (a) Current Investments | 4,00,000 | 5,00,000 | 7.02 | 8.93 | |
| (b) Inventories | 6,00,000 | 8,00,000 | 10.53 | 14.29 | |
| (c) Cash & Bank Balance | 1,00,000 | 2,00,000 | 1.75 | 3.57 | |
| Total | 57,00,000 | 56,00,000 | 100 | 100 | |
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Chapter 12: Common Size Statements - PRACTICAL QUESTIONS [Page 12.30]
