Question 06 Chapter 5 of +2-B
Table of Contents
Net Profit before Tax and Extraordinary Items
6. Following is the extract from the Balance Sheet of Zee Ltd.:
| Particulars | 31st March 2019 | 31st March 2018 |
| Equity Share Capital | 8,00,000 | 8,00,000 |
| 10% Preference Share Capital | 6,00,000 | 6,00,000 |
| Surplus i.e., Balance in Statement of Profit and Loss | 7,20,000 | 4,00,000 |
| Unpaid Dividend | 20,000 |
Additional Information:
(i) Proposed dividend on equity shares for the year 2017-18 and 2018-19 are 1,60,000 and 2,00,000 respectively.
(ii) An Interim Dividend of 40,000 on Equity Shares was paid.
Calculate Net Profit before Tax and Extraordinary Items.
The solution of Question 06 Chapter 4 of +2-B: –
| Particulars | Note No |
Rs |
| Profit Before Taxation and Extraordinary Items | 1 | 5,80,000 |
| 5,80,000 |
Notes to Accounts:
| Particulars |
Rs |
|
| 1. Surplus, i.e., Balance in Statement of Profit and Loss | ||
| Opening Balance of Profit and Loss | 7,20,000 | |
| Less: Closing Balance of Profit and Loss | 4,00,000 | 3,20,000 |
| Add: Proposed Dividend | 1,60,000 | |
| Add: Proposed Preference Dividend | 60,000 | |
| Add: Interim Dividend | 40,000 | |
| 5,80,000 | ||
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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)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
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
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