Calculate Net Profit before Tax and Extraordinary Items of Shiva Ltd. from its Balance Sheet as at 31st March, 2023:
Calculate Net Profit before Tax and Extraordinary Items of Shiva Ltd. from its Balance Sheet as at 31st March, 2023:
| Particulars | Note. No. | 31st March,
2023 (₹) |
31st March, 2022 (₹) |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus (Surplus, i.e., Balance in Statement of Profit & Loss) |
5,00,000 2,00,000 |
5,00,000 1,45,000 |
|
| 2. Current Liabilities (a) Trade Payables (b) Other Current Liabilities (c) Short-term Provisions |
90,000 20,000 50,000 |
50,000 10,000 30,000 |
|
| Total | 8,60,000 | 7,35,000 | |
| II. Assets | |||
| 1. Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: -Property, Plant and Equipment (b) Non-Current Investments |
4,50,000 |
4,00,000 |
|
| 2. Current Assets | 2,60,000 | 1,85,000 | |
| Total | 8,60,000 | 7,35,000 |
Note to Accounts:-
| Particulars | 31st March,
2023 (₹) |
31st March,
2022 (₹) |
| 50,000 | 30,000 |
Additional Information:
(i) Proposed Dividend for the years ended 31st March, 2022 and 2023 are ₹ 50,000 and ₹ 75,000 respectively.
(ii) Interim Dividend paid during the year was ₹ 10,000
[Ans.: Net Profit before Tax and Extraordinary Items = ₹ 1,65,000.]
Anurag Pathak Changed status to publish August 17, 2023
