Following is the extract from the Balance Sheet of Mercury Ltd:
Following is the extract from the Balance Sheet of Mercury Ltd:
| Equity and Liabilities | 31st March, 2023 (₹) |
31st March, 2022 (₹) |
| Equity Share Capital 10% Preference Share Capital Surplus, i.e., Balance in Statement of Profit & Loss Unpaid Dividend |
8,00,000 6,00,000 7,20,000 20,000 |
8,00,000 6,00,000 4,00,000 —- |
Additional Information:
(i) Proposed dividend on equity shares for the years 2021-22 and 2022 – 23 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.
[Ans.: Net Profit before Tax and Extraordinary Items = ₹ 5,80,000.]
Anurag Pathak Changed status to publish August 17, 2023
