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

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

Anurag Pathak28.60K 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

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Anurag Pathak28.60K Posted March 24, 2024 0 Comments

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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

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