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Question
Prepare a common-size balance sheet of Raj Co. Ltd. as at March 31, 2016 and March 31, 2017 from the given information:
| Particulars | 2017 | 2016 |
| I. Equity and Liabilities | ||
| 1. Shareholders fund | ||
| a) Share capital | 20,00,000 | 15,00,000 |
| b) Reserve and surplus | 3,00,000 | 4,00,000 |
| 2. Non-current liabilities | ||
| Long-term borrowings | 9,00,000 | 6,00,000 |
| 3. Current liabilities | ||
| Trade payables | 3,00,000 | 2,00,000 |
| Total | 35,00,000 | 27,00,000 |
| II. Assets | ||
| 1. Non-current assets | ||
| a) Fixed assets | ||
| - Tangible assets | 20,00,000 | 15,00,000 |
| - Intangible assets | 9,00,000 | 6,00,000 |
| b) Current assets | ||
| - Inventories | 3,00,000 | 4,00,000 |
| - Cash and cash equivalents | 3,00,000 | 2,00,000 |
| Total | 35,00,000 | 27,00,000 |
Ledger
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Solution
| Common-Size Balance Sheet of Raj Co. Ltd. | ||||
| Particulars | Absolute Amounts | Percentage of Total Assets | ||
| 2016 | 2017 | 2016 | 2017 | |
| (Rs.) | (Rs.) | (%) | (%) | |
| I. Equity and Liabilities | ||||
| 1. Shareholders’ fund | ||||
| a) Share capital | 15,00,000 | 20,00,000 | 55.56 | 57.14 |
| b) Reserve and surplus | 4,00,000 | 3,00,000 | 14.81 | 8.57 |
| 2. Non-current liabilities | ||||
| Long-term borrowings | 6,00,000 | 9,00,000 | 22.22 | 25.71 |
| 3. Current liabilities | ||||
| Trade payables | 2,00,000 | 3,00,000 | 7.41 | 8.57 |
| Total Equity & Liabilities | 27,00,000 | 35,00,000 | 100.00 | 100.00 |
| II. Assets | ||||
| 1. Non-current assets | ||||
| a) Fixed assets: | ||||
| - Tangible assets | 15,00,000 | 20,00,000 | 55.56 | 57.14 |
| - Intangible assets | 6,00,000 | 9,00,000 | 22.22 | 25.71 |
| 2. Current assets | ||||
| - Inventories | 4,00,000 | 3,00,000 | 14.81 | 8.57 |
| - Cash and cash equivalents | 2,00,000 | 3,00,000 | 7.41 | 8.57 |
| Total Assets | 27,00,000 | 35,00,000 | 100.00 | 100.00 |
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