Commonsense reasoning deals with the implicit knowledge that is well understood by humans and typically acquired via interactions with the world. In recent times, commonsense reasoning and understanding of various LLMs have been evaluated using text-based tasks. In this work, we argue that a proxy of this understanding can be maintained as a graphical structure that can further help to perform a rigorous evaluation of commonsense reasoning abilities about various real-world activities. We create an annotation scheme for capturing this implicit knowledge in the form of a graphical structure for 37 daily human activities. We find that the created resource can be used to frame an enormous number of commonsense queries (~ 10^{17}), facilitating rigorous evaluation of commonsense reasoning in LLMs. Moreover, recently, the remarkable performance of LLMs has raised questions about whether these models are truly capable of reasoning in the wild and, in general, how reasoning occurs inside these models. In this resource paper, we bridge this gap by proposing design mechanisms that facilitate research in a similar direction. Our findings suggest that the reasoning components are localized in LLMs that play a prominent role in decision-making when prompted with a commonsense query.