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Accountancy · 2022 · 3 marks
CBSE 2022 · Region 4 · Set 1 · Q11
Prepare a 'Common S ize Balance Sheet' from the following B alance Sheet of Shree Ltd. as at 31st March, $\displaystyle 2022$ : Balance Sheet of Shree Ltd. as at 31st March, $\displaystyle 2022$ Note $\displaystyle 31.3.2022$ $\displaystyle 31.3.2021$ Particulars No. < < I Equity and Liabilities : 1. Shareholders ' Funds Share Capital $\displaystyle 40,00,000$ $\displaystyle 30,00,000$ 2. Non-Current Liabilities Long-term Borrowings $\displaystyle 20,00,000$ $\displaystyle 15,00,000$ 3. Current Liabilities Trade Payables $\displaystyle 20,00,000$ $\displaystyle 5,00,000$ Total $\displaystyle 80,00,000$ $\displaystyle 50,00,000$ II Assets : 1. Non-Current Assets Fixed Assets (a) Tangible Assets $\displaystyle 20,00,000$ $\displaystyle 15,00,000$ (b) Intangible Assets $\displaystyle 40,00,000$ $\displaystyle 10,00,000$ 2. Current Assets Inventories $\displaystyle 20,00,000$ $\displaystyle 25,00,000$ Total $\displaystyle 80,00,000$ $\displaystyle 50,00,000$ORFrom the following Balance Sheet of Jeevan Ltd. as at 31st March, $\displaystyle 2022$, prepare a Comparative Balance Sheet : Balance Sheet of Jeevan Ltd. as at 31st March, $\displaystyle 2022$ Note $\displaystyle 31.3.2022$ $\displaystyle 31.3.2021$ Particulars No. < < I Equity and Liabilities : 1. Shareholders ' Funds Share Capital $\displaystyle 15,00,000$ $\displaystyle 10,00,000$ 2. Non-Current Liabilities Long-term Borrowings $\displaystyle 6,00,000$ $\displaystyle 5,00,000$ 3. Current Liabilities Trade Payables $\displaystyle 12,00,000$ $\displaystyle 10,00,000$ Total $\displaystyle 33,00,000$ $\displaystyle 25,00,000$ II Assets : 1. Non-Current Assets Fixed Assets (a) Tangible Assets $\displaystyle 18,00,000$ $\displaystyle 12,00,000$ (b) Intangible Assets $\displaystyle 10,00,000$ $\displaystyle 8,00,000$ 2. Current Assets Cash and Cash Equivalents $\displaystyle 5,00,000$ $\displaystyle 5,00,000$ Total $\displaystyle 33,00,000$ $\displaystyle 25,00,000$
OR
From the following Balance Sheet of Jeevan Ltd. as at 31st March, $\displaystyle 2022$, prepare a Comparative Balance Sheet : Balance Sheet of Jeevan Ltd. as at 31st March, $\displaystyle 2022$ Note $\displaystyle 31.3.2022$ $\displaystyle 31.3.2021$ Particulars No. < < I Equity and Liabilities : 1. Shareholders ' Funds Share Capital $\displaystyle 15,00,000$ $\displaystyle 10,00,000$ 2. Non-Current Liabilities Long-term Borrowings $\displaystyle 6,00,000$ $\displaystyle 5,00,000$ 3. Current Liabilities Trade Payables $\displaystyle 12,00,000$ $\displaystyle 10,00,000$ Total $\displaystyle 33,00,000$ $\displaystyle 25,00,000$ II Assets : 1. Non-Current Assets Fixed Assets (a) Tangible Assets $\displaystyle 18,00,000$ $\displaystyle 12,00,000$ (b) Intangible Assets $\displaystyle 10,00,000$ $\displaystyle 8,00,000$ 2. Current Assets Cash and Cash Equivalents $\displaystyle 5,00,000$ $\displaystyle 5,00,000$ Total $\displaystyle 33,00,000$ $\displaystyle 25,00,000$Marking-scheme solution
Shree Ltd.
Common Size Balance Sheet as at 31st March, $\displaystyle 2021$ and $\displaystyle 2022$
% age of % age of
Particulars
total assets total assets
$\displaystyle 31$-$\displaystyle 3$-$\displaystyle 2021$ $\displaystyle 31$-$\displaystyle 3$-$\displaystyle 2022$
$\displaystyle 31$-$\displaystyle 3$-$\displaystyle 2021$ $\displaystyle 31$-$\displaystyle 3$-$\displaystyle 2022$
(₹) (₹)
(I) EQUITY and
LIABILITIES
1. Shareholder’s funds
Share Capital $\displaystyle 30,00,000$ $\displaystyle 40,00,000$ $\displaystyle 60$ $\displaystyle 50$
2.Non-Current
Liabilities
LongTerm
Borrowings $\displaystyle 15,00,000$ $\displaystyle 20,00,000$ $\displaystyle 30$ $\displaystyle 25$
3. Current Liabilities
Trade Payables $\displaystyle 5,00,000$ $\displaystyle 20,00,000$ $\displaystyle 10$ $\displaystyle 25$
Total $\displaystyle 50,00,000$ $\displaystyle 80,00,000$ $\displaystyle 100$ $\displaystyle 100$
(II)
ASSETS:
1. Non-Current Assets
Fixed Assets –
(a)
Tangible assets $\displaystyle 15,00,000$ $\displaystyle 20,00,000$ $\displaystyle 30$ $\displaystyle 25$
Intangible
Assets $\displaystyle 10,00,000$ $\displaystyle 40,00,000$ $\displaystyle 20$ $\displaystyle 50$
2. Current Assets
Inventories
$\displaystyle 25,00,000$ $\displaystyle 20,00,000$ $\displaystyle 50$ $\displaystyle 25$
Total $\displaystyle 50,00,000$ $\displaystyle 80,00,000$ $\displaystyle 100$ $\displaystyle 100$
Q. From the following Balance Sheet………………………………
Ans.
Jeevan Ltd.
Comparative Balance Sheet as at 31st March, $\displaystyle 2021$ and $\displaystyle 2022$
$\displaystyle 31$-$\displaystyle 3$-$\displaystyle 2021$ $\displaystyle 31$-$\displaystyle 3$-$\displaystyle 2022$ Absolute Percentage
Particulars
Change Change
(₹) (₹)
(₹) (%)
(I) Equity & Liabilities:
1. Shareholder’s funds
Share Capital $\displaystyle 10,00,000$ $\displaystyle 15,00,000$ $\displaystyle 5,00,000$ $\displaystyle 50$
2. Non-Current Liabilities
$\displaystyle 5,00,000$ $\displaystyle 6,00,000$ $\displaystyle 1,00,000$ $\displaystyle 20$
Long-Term Borrowings
3. Current Liabilities
$\displaystyle 10,00,000$ $\displaystyle 12,00,000$ $\displaystyle 2,00,000$ $\displaystyle 20$
Trade Payables
Total $\displaystyle 25,00,000$ $\displaystyle 33,00,000$ $\displaystyle 8,00,000$ $\displaystyle 32$
(II)
Assets :
1. Non-Current Assets
Fixed Assets –
$\displaystyle 12,00,000$ $\displaystyle 18,00,000$ $\displaystyle 6,00,000$ $\displaystyle 50$
(a)
Tangible assets
Intangible
$\displaystyle 8,00,000$ $\displaystyle 10,00,000$ $\displaystyle 2,00,000$ $\displaystyle 25$
Assets
2. Current Assets
Cash &
$\displaystyle 5,00,000$ $\displaystyle 5,00,000$ ---- ----
Cash Equivalents
Total $\displaystyle 25,00,000$ $\displaystyle 33,00,000$ $\displaystyle 8,00,000$ $\displaystyle 32$
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CBSE Class 12 Accountancy past-paper question from the 2022board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.