0

Calculate the Net Profit before Tax and Extraordinary items of Shiva Ltd from its Balance Sheet as at 31st March 2022:

';
Particulars Note No. 31st March 2022 (₹) 31st March 2022 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds

a) Share Capital

b) Reserves and Surplus (Surplus, i.e., Balance in Statement of Profit and Loss)

1 5,00,000

2,00,000

90,000

20,000

50,000

5,00,000

1,45,000

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

1,50,000

 

 

 

 

4,50,000

1,50,000

 

2. Current Assets 2,60,000 1,85,000
Total 8,60,000 7,35,000

Notes to Accounts

Particulars 31st March 2022 (₹) 31st March 2022 (₹)
1. Short-Term Provisions

Provision for Tax

 

50,000

 

30,000

Additional Information:

i) Proposed Dividend for the years ended 31st March, 2021 and 2022 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 October 30, 2022