Question 05 Chapter 5 of +2-B - T.S. Grewal 12 Class

Question 05 Chapter 5 of +2-B

Table of Contents

The solution of Question 05 Chapter 4 of +2-B: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

Net Profit before Tax and Extraordinary Items

5. Following are the extracts from the Balance Sheet of MAH Ltd. as at 31st
March, 2019:

Particulars	31st March 2019	31st March 2018
Surplus, i.e., Balance in Statement of Profit and Loss	10,00,000	5,00,000
Dividend Payable	50,000

Additional Information: Proposed Dividend for the years ended 31st March,
2018 and 2019 are 4,00,000 and 5,00,000 respectively.
Prepare the Note to show Net Profit before Tax and Extraordinary Items.

The solution of Question 05 Chapter 4 of +2-B: –

Particulars	Note No	Rs
Profit Before Taxation and Extraordinary Items	1	9,00,000

		9,00,000

Notes to Accounts:

Particulars		Rs
1. Surplus, i.e., Balance in Statement of Profit and Loss
Opening Balance of Profit and Loss	10,00,000
Less: Closing Balance of Profit and Loss	5,00,000	5,00,000
Add: Proposed Dividend		4,00,000
		9,00,000