| Surplus, i.e, Balance in Statement of Profit and Loss (Opening) | 1,oo,ooo |
| Surplus, i.e., Balance in Statement of Profit and Loss (Closing) | 3,36,000 |
| Dividend paid in the current year | 72,000 |
| Interim Dividend Paid during the year | 90,000 |
| Transfers to Reserve | 1,00,000 |
| Provision for Tax for the current year | 1,50,000 |
| Refund of Tax | 3,000 |
| Loss due to Earthquake | 2,00,000 |
| Insurance Proceeds from Earthquake disaster Settlement | 1,00,000 |
(Ans:- Net Profit before Tax and Extraordinary Items = ₹ 7,45,000)
Anurag Pathak Changed status to publish October 30, 2022
Below is the correct solutions of above Practical Problem
Anurag Pathak Changed status to publish October 30, 2022