Question 06 Chapter 5 of +2-B – T.S. Grewal 12 Class

Question 06 Chapter 5 of +2-B

Question 06 Chapter 5 of +2-B

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)

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 06 Chapter 5 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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