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Model Test Papers M.183

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From the following information, prepare Common-size Balance Sheet:
BALANCE SHEET as at 31st March, 2018
Particulars Note No. 31st March, 31st March,
2018 (`) 2017 (`)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 10,00,000 6,00,000
(b) Reserves and Surplus 2,00,000 3,00,000
2. Non-Current Liabilities
Long-term Borrowings 8,00,000 4,00,000
3. Current Liabilities
Short-term Borrowings 4,00,000 3,00,000
Total 24,00,000 16,00,000
II. ASSETS
1. Non-Current Assets
Fixed Assets:
Tangible Assets 15,00,000 10,00,000
2. Current Assets
(a) Inventories 4,00,000 3,00,000
(b) Cash and Cash Equivalents 5,00,000 3,00,000
Total 24,00,000 16,00,000

(4)
23. From the following Balance Sheet of Pioneer Traders Ltd. as at 31st March, 2018,
prepare Cash Flow Statement:
BALANCE SHEET OF PIONEER TRADERS LTD. as at 31st March, 2018
Particulars Note No. 31st March, 31st March,
2018 (`) 2017 (`)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 6,00,000 4,00,000
(b) Reserves and Surplus 1 2,00,000 1,00,000
2. Non-Current Liabilities
Long-term Borrowings: 10% Bank Loan 1,00,000 2,00,000
3. Current Liabilities
(a) Trade Payables 45,000 60,000
(b) Other Current Liabilities 2 20,000 ...
(c) Short-term Provisions 3 70,000 40,000
Total 10,35,000 8,00,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets: Machinery (Net) 6,00,000 6,00,000
(ii) Intangible Assets: Patents 45,000 50,000
(b) Non-current Investments 75,000 ...
2. Current Assets
(a) Inventories 15,000 10,000
(b) Trade Receivables 2,55,000 1,20,000
(c) Cash and Cash Equivalents 45,000 20,000
Total 10,35,000 8,00,000