Following is the extract from the Balance Sheet of Karishma Ltd. as at 31st March, 2023:
Equity and Liabilities
Surplus, i.e., Balance in Statement of Profit & Loss
Additional Information: Proposed Dividend for the years ended 31st March, 2022 and 2023 are ₹ 4,00,000 and ₹ 5,00,000 respectively.
Prepare the Note to show Net Profit before Tax and Extraordinary Items.
[Ans.: Net Profit before Tax and Extraordinary Items = ₹ 9,00,000.]