Q1.a From the information provided below, prepare a common-base Balance sheet. Based on the Common-base statement, what all important implications arise? (10 marks) Notes 2020 2019 25,00,000 6,00,000 25,00,000 5,00,000 15,00,000 15,00,000 Particulars I. EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Share Capital (6) Reserves and Surplus 2. Non-Current Liabilities Long-term Borrowings 3. Current Liabilities (a) Short-term Borrowings (b) Trade Payables (c) Other Current Liabilities (d) Short-term Provisions Total II. ASSETS 1. Non-Current Assets (a) Fixed AssetsTangible Assets (b) Non-current Investments 2. Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Cash Equivalents (d) Other Current Assets Total 2,40,000 2,25,000 55,000 30,000 51,50,000 2,25,000 2,00,000 50,000 25,000 50,00,000 36,00,000 5,00,000 30,00,000 5,00,000 5,50,000 3,00,000 1,75,000 25,000 51,50,000 7,50,000 5,00,000 1,50,000 1,00,000 50,00,000 Q1.b From the information given below, prepare Common-size and Comparative statement of Profit and Loss. Based on these statements, what all important implications arise? (10 marks) Notes 2020 2019 10,00,000 11,000 10,11,000 10,00,000 10,000 10,10,000 Particulars 1. Income Revenue from Operations (Net Sales) Other Income Total II. Expenses Purchases of Stock-in-Trade Change in Inventories of Stock-in-Trade Employees Benefit Expenses Other Expenses Total III. Profit (I - II) 7,00,000 48,000 98,000 90,000 9,36,000 75,000 6,50,000 50,000 80,000 1,17,500 8,97,500 1,12,500