Question 10 Chapter 5 of +2-B
Table of Contents
10. From the following Balance Sheet of Double Tree Ltd. as at 31st March, 2019 and additional information, calculate Operating Profit before Working Capital Changes:
| Particulars | Note No | 31st March 2019 | 31st March 2018 |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | 5,00,000 | 5,00,000 | |
| (b) Reserves and Surplus | 1 | 6,70,000 | 5,00,000 |
| 2. Current Liabilities | |||
| (a) Trade Payables | 60,000 | 50,000 | |
| (b) b Other Current Liabilities Outstanding Expenses | 20,000 | 15,000 | |
| (c) Short-term Provisions | 1,00,000 | 90,000 | |
| Total | 13,50,000 | 11,55,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| (a) Fixed Assets | 7,50,000 | 7,30,000 | |
| (b) Non-Current Investments | 2,50,000 | 3,00,000 | |
| 2. Current Assets | 3,50,000 | 1,25,000 | |
| Total | 13,50,000 | 11,55,000 |
| Particulars | 31st March 2019 | 31st March 2018 |
| 1. Reserves and Surplus | ||
| General Reserve | 5,00,000 | 4,00,000 |
| Surplus, i.e., Balance in Statement of Profit and Loss | 1,70,000 | 1,00,000 |
| 6,70,000 | 5,00,000 |
Additional Information: Depreciation for the year was 75,000.
The solution of Question 10 Chapter 4 of +2-B: –
Operating Profit before Working Capital Changes for the year ended March 31, 2019 |
||
| Particulars |
Rs |
|
| Net Profit Before Taxation and Extraordinary Items | ||
| Opening Surplus, i.e., Balance in Statement of Profit and Loss | 1,70,000 | |
| Less: Closing Surplus, i.e., Balance in Statement of Profit and Loss | 1,00,000 | 70,000 |
| Add: Transfer to General Reserve | ||
| Opening General Reserve | 5,00,000 | |
| Less: Closing General Reserve | 4,00,000 | 1,00,000 |
| Add: Provision for Taxation | 1,00,000 | |
| Profit Before Tax | 2,70,000 | |
| Add: Depreciation | 75,000 | |
| Operating profit before Working Capital Changes | 3,45,000 | |
Thanks, Please Like and share with your friends
Comment if you have any question.
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
Advertisement-X