Question 10 Chapter 5 of +2-B – T.S. Grewal 12 Class

Question 10 Chapter 5 of +2-B

Question 10 Chapter 5 of +2-B

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


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

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