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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
From the following extract of Balance Sheet of Universal Ltd., calculate Net Profit before Tax and Extraordinary Items:
| Equity and Liabilities | 31st March, 2025 (₹) | 31st March, 2024 (₹) |
|---|---|---|
| Equity Share Capital | 10,00,000 | 10,00,000 |
| 10% Preference Share Capital | 10,00,000 | 10,00,000 |
| Surplus, i.e., Balance in Statement of Profit & Loss | 15,00,000 | 10,00,000 |
Additional Information: Interim Dividend of ₹2,00,000 was paid on Equity Shares on 1st November, 2024.
Note: Net Profit before Tax and Extraordinary Items
| Particulars | Amount (₹) |
|---|---|
| Profit as per Statement of Profit and Loss (15,00,000 − 10,00,000) | 5,00,000 |
| Add: Interim Dividend paid on Equity Shares | 2,00,000 |
| Add: Preference Dividend paid (10% of ₹10,00,000) | 1,00,000 |
| Net Profit before Tax and Extraordinary Items | 8,00,000 |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "T.S. Grewal Class 12 Vol 3 Chapter 5 Q.7 - Cash Flow Statement", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 5 - Cash Flow Statement.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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