Question

From the following data prepare a Common Size Balance Sheet of Teak Wood Ltd.

(Note : Current year’s figures appear in the first column and the previous year’s figures are in the second column.)

Answer 1

Common Size Balance Sheet of Teak Wood Ltd.

Working Notes:

Balance Sheet total are taken as the common base for calculating the percentages for the two years,

% of share Capital on 31.3.2013 = 3,00,000/6,00,000 = 50%

% of share Capital on 31.3.2012 = 2,40,000/5,00,000 =48%