Analysis of Financial Statements — Accountancy STD 12 Commerce — Question

Under which heads will the following items be shown in the Balance Sheet of a company:

1. Bank Balance.
2. Investments (Long-term).
3. Outstanding Salary.
4. Authorised Capital.
5. Bills Payable.
6. Unclaimed Dividends.
7. Shares Option Outstanding Account.
8. General Reserve.
9. Subsidy Reserve?

Hopeful Ltd. in the business of manufacturing and selling FMCG decided to set up a new Manufacturing unit in economically backward area of Chattisgarh. It decided to employ Factory staff the local population. But before that it imparted training to them for six months and gave each trainee a stiped of ₹ 5,000 per month, Given below is its Comparative Balance Sheet:

Calculate Debt to Equity Ratio From the above. Also identify the value adopted by the Company.

Prepare Common Size Balance Sheet of Vishal Paper Ltd. from the following information:

Prepare a Common-size Income Statement of XYZ Ltd. From the Following Information and compute Net Profit Ratio.

From the following information extracted from the books of Z Ltd., prepare Balance Sheet of the company as at 31st March, 2018 as per Schedule III of the Companies Act, 2013:

Prepare a comparative Statement of Profit of Varun Ltd. with the help of the following information:

Form the following information provided, prepare Comparative Statement of Profit and loss for the years ended 31st March 2018 and 2017:

Sony Media Ltd.issued 50,000 shares of ₹ 10 each payable ₹ 3 on application, ₹ 4 on allotment and balance on first and final call. Applications were received for 1,00,000 shares and allotment was made as follows:

1. Applicants for 60,000 shares were allotted 30,000 shares,
2. Applicants for 40,000 shares were allotted 20,000 shares,

Anupam to whom 1,000 shares were allotted from category,

1. Failed to pay the allotment money. Pass journal entries up to allotment.

Krishna & Co. Ltd. with an authorised capital of ₹ 2,00,000 divided into 20,000 Equity Shares of ₹ 10 each, issued the entire amount of the shares payable as: All share money is received in full with the exception of the allotment money on 200 shares and the call money on 500 shares (including the 200 shares on which the allotment money has not been paid).
The above 500 shares are duly forfeited and 400 of these (including the 200 shares on which allotment money has not been paid) are reissued at ₹ 7 per share payable by the purchaser as fully paid-up. Pass journal entries (including cash transactions) and show the balances in the Balance Sheet giving effect to the above transactions.

What is meant by Common Size Statements? Give any two uses of Common Size Statements.