[ISC] Q. 21 Solution of Comparative Statements and Common-Size Statements TS Grewal (2023-24)
Solution of Q 21 Comparative Statements and Common-Size Statements TS Grewal Class 12 ISC Board Accountancy Book 2023-24
From the following Balance Sheet, prepare Common Size Balance Sheet of Growell Ltd:
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| I. EQUITY AND LIABILITIES | ||
| 1. Shareholder’s Funds Share Capital | 3,50,000 | 3,00,000 |
| 2. Non-Current Liabilities Long-term Borrowings | 1,00,000 | 2,00,000 |
| 3. Current Liabilities (a) Trade Payables (b) Short-term Provisions | 1,15,000 35,000 | 75,000 25,000 |
| Total | 6,00,000 | 6,00,000 |
| II. Assets | ||
| 1. Non-Current Assets Property, Plant and Equipment and Intangible Assets: – Property, Plant and Equipment | 4,00,000 | 3,00,000 |
| 2. Current Assets (a) Trade Receivables (b) Cash and Bank Balances | 1,60,000 40,000 | 2,50,000 50,000 |
| Total | 6,00,000 | 6,00,000 |
Solution:-
