Student Community

A company has an opening credit balance in Surplus, i.e., Balance in Statement of Profit & Loss of ₹ 1,00,000

465 viewsMarch 24, 2024[ISC] Final Accounts of Companies

Anurag Pathak28.64K March 24, 2024 0 Comments

A company has an opening credit balance in Surplus, i.e., Balance in Statement of Profit & Loss of ₹ 1,00,000. During the year, it earned a profit of ₹ 75,000. It decided to transfer ₹ 15,000 to Debentures Redemption Reserve (DRR) and also proposed to pay dividend of ₹ 25,000.

How will be the appropriation shown in the financial statements?

Anurag Pathak Changed status to publish March 24, 2024

Add a Comment

1 Answer

Anurag Pathak28.64K Posted March 24, 2024 0 Comments

Solution:-

Anurag Pathak Changed status to publish March 24, 2024

Add a Comment

You are viewing 1 out of 1 answers, click here to view all answers.

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 8142

Telegram Channel

Telegram Channel

A company has an opening credit balance in Surplus, i.e., Balance in Statement of Profit & Loss of ₹ 1,00,000

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

Related Questions