Prepare Common-Size Balance Sheet and comment on the financial position of Sun Ltd. and Star Ltd. The Balance Sheets of Sun Ltd. and Star Ltd. as at 31st March, 2024 are:
| Particulars | Note. No. | Sun Ltd. (₹) | Star Ltd. (₹) |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | 9,00,000 | 12,00,000 | |
| (b) Reserves and Surplus | 4,00,000 | 3,50,000 | |
| 2. Current Liabilities | |||
| Trade Payables (Creditors) | 2,00,000 | 2,50,000 | |
| Total | 15,00,000 | 18,00,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| Property, Plant and Equipment and Intangible Assets: | |||
| Property, Plant and Equipment | 10,00,000 | 16,00,000 | |
| 2. Current Assets | |||
| Trade Receivables (Debtors) | 5,00,000 | 2,00,000 | |
| Total | 15,00,000 | 18,00,000 |
Solution :
