[ISC] Q. 21 Solution of Comparative Statements and Common-Size Statements TS Grewal (2023-24)

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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:

Particulars31st March,
2023 (₹)
31st March,
2022 (₹)
I. EQUITY AND LIABILITIES
1. Shareholder’s Funds
Share Capital
3,50,0003,00,000
2. Non-Current Liabilities
Long-term Borrowings
1,00,0002,00,000
3. Current Liabilities
(a) Trade Payables
(b) Short-term Provisions
1,15,000
35,000
75,000
25,000
Total6,00,0006,00,000
II. Assets
1. Non-Current Assets
Property, Plant and Equipment and Intangible Assets:
– Property, Plant and Equipment
4,00,0003,00,000
2. Current Assets
(a) Trade Receivables
(b) Cash and Bank Balances
1,60,000
40,000
2,50,000
50,000
Total6,00,0006,00,000

Solution:-

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