Following is the extract from the Balance Sheet of Mercury Ltd:
| Equity and Liabilities | 31st March, 2022 (₹) | 31st March 2021 (₹) |
| Equity Share Capital
10% Preference Share Capital Surplus, i.e., Balance in Statement of Profit and 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 2020-21 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 October 30, 2022
Below is the Correct Solution of the Above Question.
Anurag Pathak Changed status to publish October 30, 2022