D. K. Goel solutions for Accountancy Volume 1 and 2 [English] Class 12 ISC chapter 12 - Common Size Statements [Latest edition]

What is meant by a ‘common size statement’?

What is the meaning of common size balance sheet?

What is the meaning of common size statement of profit & loss?

Give any two objectives of preparing common size statements.

Give any two uses of common size statements.

Give two objectives of a common size balance sheet.

Give two objectives of a common size statement of profit & loss.

Give a format of common size balance sheet of a company for two years.

Give a format of common size statement of profit & loss for two years.

Take a few imaginary figures and prepare a common size statement of profit & loss for two years.

What is meant by trend percentage analysis?

Prepare common size balance sheet of Vishal Paper Ltd. from the following information:

The following balance sheets relate to Modem Computers Ltd. convert these into common size balance sheet and interpret the same:

Prepare a common size balance sheet of X Ltd. from the following information:

From the following particulars of Appolo Ltd., prepare a common size balance sheet:

Prepare a common size balance sheet of Yuva Hind Ltd. from the following particulars:

Prepare a common size statement of profit & loss from the following:

Prepare a common size statement of profit and loss of Vegas Ltd. from the following information:

Convert the following particulars into common size statement of profit and loss and interpret the changes in 2023:

Fill in the missing figures in the following common size statement of profit and loss:

Hint:

First of all, figure of Revenue from Operations will be calculated.

It will be calculated on the basis of Cost of Materials Consumed:

For 2024-25: 36,00,000 × `100/45`

= ₹ 80,00,000

For 2023-24: 24,00,000 × `10/40`

= ₹ 60,00,000

Fill in the missing figures in the following common size statement of profit & loss:

Hint:

First of all, figure of Revenue from Operations will be calculated.

It will be calculated on the basis of Employee Benefit Expenses:

3,00,000 × `100/15`

= ₹ 20,00,000

Prepare a common size statement of profit & loss from the following information of X Ltd.

Prepare a common size statement of profit & loss from the following:

From the following particulars prepare a common size profit and loss:

Prepare a common size statement of profit & loss from the following for the year ended 31st March 2022:

Calculate the trend percentages from the following information taking year ending 2019 as the base year:

From the following Balance Sheets of Sun Ltd., as at 31st March, 2022 prepare a common size balance sheet.

Prepare a common size balance sheet and comment on the financial position of X Ltd. and Y Ltd. The Balance Sheets of X Ltd. and Y Ltd. as at 31.3.2022 are given below:

Prepare a common size statement of profit & loss of X Ltd. from the following information:

Prepare a common size statement of profit & loss from the following:

Prepare a common size statement of profit & loss from the following:

Give any two uses of common size statements.

Give one limitation of a common size statement.

From the following particulars, prepare a common size balance sheet of Rima Ltd.

From the following particulars prepare a comparative statement of profit & loss of Prudence Ltd.

From the following particulars prepare a common size statement of profit & loss of Prudence Ltd.

From the information given below, prepare a common size statement of profit & loss of Relay Ltd.:

From the following data, prepare a common size statement of profit and loss of Nicholson Ltd.

Prepare a common size income statement from the following:

Interest on investments ₹ 10,000 and taxes payable @ 40% for both the years.

From the following particulars of Bharti Ltd., you are required to prepare a common-size balance sheet as at 31st March, 2022:

From the following information, you are required to prepare a common size balance sheet of Super Ltd. as at 31st March, 2024.

Main objective of common size statement is ______.

Main objective of common size balance sheet is ______.

Common size statements are prepared ______.

Which of the following is untrue?

Main objective of common size statement of profit and loss is ______.

In the statement of profit & loss of a common size statement ______.

In the balance sheet of a common size statement ______.

Total assets of a firm are ₹ 20,00,000 and its non-current assets are ₹ 8,00,000. What will be the percentage of non-current assets on total assets?

If total assets of a firm are ₹ 8,20,000 and its non-current assets are ₹ 5,90,400, what will be the percentage of current assets on total assets?

If net revenue from operations of a firm are ₹ 1,20,000, cost of revenue from operations is ₹ 66,000 and operating expenses are ₹ 21,600, what will be the percentage of operating income on net revenue from operations?

If net revenue from operations of a firm are ₹ 15,00,000, Gross Profit is ₹ 9,00,000 and operating expenses are ₹ 75,000, what will be percentage of operating income on net revenue from operations?

Main objective of trend analysis is ______.

What will be the trend percentage if the inventory of a firm is ₹ 2,00,000, ₹ 2,40,000, ₹ 3,00,000 and ₹ 4,00,000 respectively?

In a common size balance sheet, total liabilities are assumed to be equal to ______.

In a common-size statement of profit & loss, the amount of net revenue from operations is assumed to be equal to ______.

The objective of the common size statement of profit and loss is not to ______.

Assertion (A): Common-size statement of profit and loss is the vertical analysis of items of revenue and expenses.

Reason (R): In common size statement of profit and loss, revenue from operations is taken as 100 and all other items of revenue and expenses are expressed as a percentage of revenue from operations.

In the context of the above two statements, which of the following is correct?

Assertion (A): Common-size balance sheet is the horizontal analysis of balance sheet.

Reason (R): In Common-size balance sheet total of assets is taken as 100 and all other items of assets, liabilities and shareholder’s funds are expressed as percentage of total assets.

In the context of the above two statements, which of the following is correct?

Assertion (A): Comparative balance sheet is the horizontal analysis of balance sheet.

Reason (R): Common-size balance sheet is the vertical analysis of balance sheet.

In the context of the above two statements, which of the following is correct?

Assertion (A): In a common-size statement, each item is expressed as a percentage of common base.

Reason (R): Common size statements are prepared both in the form of percentages and ratios.

In the context of the above two statements, which of the following is correct?

Assertion (A): In a common-size statement of profit & loss figure of revenue from operations is assumed to be equal to 100.

Reason (R): In a common-size balance sheet share capital is assumed to be equal to 100.

Assertion (A): In a common-size statement, figures of previous year are taken as base for comparison.

Reason (R): Common-size statements enable horizontal analysis.

In the context of the above two statements, which of the following is correct?