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

Question 05 Chapter 5 of +2-B

Question 05 Chapter 5 of +2-B

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

 

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Also, Check out the solved question of previous Chapters: –

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

  • Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
  • Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
  • Chapter No. 3 – Goodwill: Nature and Valuation
  • Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
  • Chapter No. 5 – Admission of a Partner
  • Chapter No. 6 – Retirement/Death of a Partner
  • Chapter No. 7 – Dissolution of a Partnership Firm

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

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

  • Chapter No. 1 – Financial Statements of a Company
  • Chapter No. 2 – Financial Statement Analysis 
  • Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
  • Chapter No. 4 – Accounting Ratios
  • Chapter No. 5 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 05 Chapter 5 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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