I am developing an Universal application in android which should run on android phone and android tablet, I know the procedure to make an application for android phone but h
I don't know if you're still looking for another answer, but I made a tool that can scale your layouts to the four different density buckets out there. If you create your layouts for one base-line density bucket, this tool can scale your layouts onto a tablet size screen:
http://onemanmobile.blogspot.com/2012/04/how-to-scale-your-android-layouts-to.html
It should take everyone very little time to make their simple Android app into a universal app for small, normal, large and x-large devices.