Prepare a Common Size Balance Sheet of X Ltd. from the following information: Balance Sheet ofX Ltd. as on 315 March, 2023

Common Size Balance Sheet of X Ltd. as at $\displaystyle 31.3.2022$ and $\displaystyle 31.3.2023$

Particulars Not Absolute Absolute % of % of

e Amount Amount Balance Balance

No. $\displaystyle 31.3.2022$ $\displaystyle 31.3.2023$ Sheet Total Sheet Total

₹ ₹ $\displaystyle 31.3.2022$ $\displaystyle 31.3.2023$

I. Equity and Liabilities:

1. Shareholders’ Funds

Equity Share Capital $\displaystyle 15,00,000$ $\displaystyle 30,00,000$ $\displaystyle 30$ $\displaystyle 37.5$

Reserves and Surplus $\displaystyle 5,00,000$ $\displaystyle 10,00,000$ $\displaystyle 10$ $\displaystyle 12.5$

2. Non-current liabilities $\displaystyle 20,00,000$ $\displaystyle 20,00,000$ $\displaystyle 40$ $\displaystyle 25$

3. Current Liabilities $\displaystyle 10,00,000$ $\displaystyle 20,00,000$ $\displaystyle 20$ $\displaystyle 25$

TOTAL $\displaystyle 50,00,000$ $\displaystyle 80,00,000$ $\displaystyle 100$ $\displaystyle 100$

II. Assets:

1.Non-current Assets $\displaystyle 30,00,000$ $\displaystyle 40,00,000$ $\displaystyle 60$ $\displaystyle 50$

2. Current Assets

Inventories $\displaystyle 20,00,000$ $\displaystyle 40,00,000$ $\displaystyle 40$ $\displaystyle 50$

TOTAL $\displaystyle 50,00,000$ $\displaystyle 80,00,000$ $\displaystyle 100$ $\displaystyle 100$

Or Q.(b) From the following………………..

Ans.

Comparative Statement of Profit and Loss of Y Ltd.

for the year ended $\displaystyle 31.3.2023$

Particulars Not $\displaystyle 31.3.2022$ $\displaystyle 31.3.2023$ Absolute %

e ₹ ₹ Increase/Decre Increase/

ase Decrease

No. ₹ I. Revenue from $\displaystyle 20,00,000$ $\displaystyle 40,00,000$ $\displaystyle 20,00,000$ $\displaystyle 100$

Operations

II. EXPENSES

Purchase of Stock in trade $\displaystyle 12,00,000$ $\displaystyle 24,00,000$ $\displaystyle 12,00,000$ $\displaystyle 100$

Change in inventories $\displaystyle 2,40,000$ $\displaystyle 6,00,000$ $\displaystyle 3,60,000$ $\displaystyle 150$

Other expenses $\displaystyle 1,60,000$ $\displaystyle 2,00,000$ $\displaystyle 40,000$ $\displaystyle 25$

TOTAL EXPENSES $\displaystyle 16,00,000$ $\displaystyle 32,00,000$ $\displaystyle 16,00,000$ $\displaystyle 100$

III. Profit before Tax (I-II) $\displaystyle 4,00,000$ $\displaystyle 8,00,000$ $\displaystyle 4,00,000$ $\displaystyle 100$

IV. Tax@$\displaystyle 40$% $\displaystyle 1,60,000$ $\displaystyle 3,20,000$ $\displaystyle 1,60,000$ $\displaystyle 100$

V. Profit after Tax $\displaystyle 2,40,000$ $\displaystyle 4,80,000$ $\displaystyle 2,40,000$ $\displaystyle 100$

(III-IV)