Q. 23 DK Goel Common Size Statements Solutions CBSE (2024-25)
Solutions of Question number 23 of DK Goel Common Size Statements chapter solutions of CBSE Board (2024-25).
Following is the Balance Sheet of Meridian Ltd. as at 31st March 2022 and 31st March 2023.
| Particulars | 31.3.2023 | 31.3.2022 |
| I. EQUITY AND LIABILITIES: | ||
| (1) Shareholder’s Funds: (a) Share Capital (b) Reserve and Surplus | 10,00,000 2,00,000 | 5,00,000 3,00,000 |
| (2) Non-Current Liabilities: Long-term Borrowings | 8,00,000 | 5,00,000 |
| (3) Current Liabilities: (a) Trade Payables | 4,00,000 | 2,00,000 |
| Total | 24,00,000 | 15,00,000 |
| II. ASSETS: | ||
| (1) Non-Current Assets: (a) Property, Plant and Equipment and Intangible Assets: (i) Property, Plant and Equipment | 15,00,000 | 10,00,000 |
| (2) Current Assets: (a) Cash and Cash Equivalents | 9,00,000 | 5,00,000 |
| Total | 24,00,000 | 15,00,000 |
You are required to prepare a Common Size Balance Sheet.
[Ans.]
| Particulars | 31.3.2022 | 31.3.2023 |
| Share Capital | 33.33 | 41.67 |
| Reserve and Surplus | 20.00 | 8.33 |
| Non-Current Liabilities | 33.33 | 33.33 |
| Current Liabilities | 13.34 | 16.67 |
| Non-Current Assets | 66.67 | 62.50 |
| Current Assets | 33.33 | 37.50 |
Solution:-
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