What is the meaning of Common Size Balance Sheet? Post category:Accountancy Reading time:1 mins read SOLUTION A common size balance sheet is a statement in which total of assets or equity & liabilities is assumed to be equal to 100 and all the figures are expressed as percentage of the total. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat are Common Size Statements? Next PostWhat is the meaning of Common Size Statement of Profit & Loss? You Might Also Like From the following particulars, calculate new profit-sharing ratio of the partners: (a) Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan retired and his share was divided equally between Shiv and Hari. (b) P, Q and R were partners sharing profits in the ratio of 5 : 4 : 1. P retires from the firm. August 3, 2022 Why is it important, to have a partnership deed in writing? September 26, 2022 State any two reasons for the preparation of ‘Revaluation Account’ on the admission of a partner. September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
From the following particulars, calculate new profit-sharing ratio of the partners: (a) Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan retired and his share was divided equally between Shiv and Hari. (b) P, Q and R were partners sharing profits in the ratio of 5 : 4 : 1. P retires from the firm. August 3, 2022
State any two reasons for the preparation of ‘Revaluation Account’ on the admission of a partner. September 26, 2022