Question : Following is the extract from the Balance Sheet of Beta Ltd.
| Equity and liabilities | 31st March, 2020(Rs) | 31st March, 2019(Rs) |
| Equity share capital | 5,00,000 | 5,00,000 |
| 10% Redeemable Preference share capital | 5,00,000 | 5,00,000 |
| Surplus,i.e Balance in statement of profit and loss | 4,50,000 | 2,50,000 |
| Dividend payable | 20,000 | ........ |
Additional Information:
1. Proposed dividend on equity shares for the years ended 31st March, 2019 and 2020 were Rs. 1,50,000 and Rs. 1,00,000 respectively.
2. An Interim Dividend of Rs. 50,000 on Equity Shares was paid on 31st December, 2019.
Net Profit before Tax and Extraordinary Items are
Option 1: Rs 4,50,000
Option 2: Rs 5,50,000
Option 3: Rs 10,00,000
Option 4: None of the above
Correct Answer: Rs 4,50,000
Solution : Answer = Rs 4,50,000
| N.P After charging tax and extraordinary items | 2,00,000 |
| (+) Tax charged | - |
| (+) Proposed dividend on equity shares | 1,50,000 |
| (+) Interim Dividend on Equity Shares | 50,000 |
| (+) proposed dividend on Preference share | 50,000 |
| N.P Before Tax and Extraordinary items | 4,50,000 |
Hence, the correct option is 1.
Related Questions
Question : Following is the extract from the Balance Sheet of Beta Ltd.
| Equity and liabilities | 31st March, 2020(Rs) | 31st March, 2019(Rs) |
| Equity share capital | 5,00,000 | 5,00,000 |
| 10% Redeemable Preference share capital | 5,00,000 | 5,00,000 |
| Surplus,i.e Balance in statement of profit and loss | 4,50,000 | 2,50,000 |
| Dividend payable | 20,000 | ........ |
Additional Information:
1. Proposed dividend on equity shares for the years ended 31st March, 2019 and 2020 were Rs. 1,50,000 and Rs. 1,00,000 respectively.
2. An Interim Dividend of Rs. 50,000 on Equity Shares was paid on 31st December, 2019.
Net Profit before Tax and Extraordinary Items are
Option 1: Rs 4,50,000
Option 2: Rs 5,50,000
Option 3: Rs 10,00,000
Option 4: None of the above
Question : From the following information, calculate Cash Flow from Financing Activities:
| Particulars | 31st march 2020(Rs) | 31st march 2019(Rs) |
| Equity share capital | 20,00,000 | 15,00,000 |
| 12% preference share capital | ......... | 5,00,000 |
| 14% debentures | 2,50,000 | ......... |
Additional Information:
Equity Shares were issued at a premium of 20%.
Question:
Issue of share capital------------
Option 1: Rs 5,00,000
Option 2: Rs 1,00,000
Option 3: Rs 6,00,000
Option 4: Rs 20,00,000
Question : From the following information, calculate Cash Flow from Financing Activities:
| Particulars | 31st march 2020(Rs) | 31st march 2019(Rs) |
| Equity share capital | 20,00,000 | 15,00,000 |
| 12% preference share capital | ......... | 5,00,000 |
| 14% debentures | 2,50,000 | ......... |
Additional Information:
Equity Shares were issued at a premium of 20%.
Question:
Issue of share capital------------
Option 1: Rs 5,00,000
Option 2: Rs 1,00,000
Option 3: Rs 6,00,000
Option 4: Rs 20,00,000
Question : Following is the extract from the Balance Sheet of KBC Ltd:
| Equity and liabilities | 31st March, 2020(Rs) | 31st march, 2019(Rs) |
| Surplus, i.e. Balance in Statement of Profit and loss | 8,00,000 | 5,00,000 |
| Dividend Payable | 30,000 | ........... |
Dividend Proposed for the years ended 31st March, 2019 and 2020 were Rs 35,00,000 and Rs 23,50,000 respectively. Net profit before tax and extraordinary items are
Option 1: Rs 6,00,000
Option 2: Rs 38,00,000
Option 3: Rs 26,50,000
Option 4: Rs 3,00,000
Question : Following is the extract from the Balance Sheet of KBC Ltd:
| Equity and liabilities | 31st March, 2020(Rs) | 31st march, 2019(Rs) |
| Surplus, i.e. Balance in Statement of Profit and loss | 8,00,000 | 5,00,000 |
| Dividend Payable | 30,000 | ........... |
Dividend Proposed for the years ended 31st March, 2019 and 2020 were Rs 35,00,000 and Rs 23,50,000 respectively. Net profit before tax and extraordinary items are
Option 1: Rs 6,00,000
Option 2: Rs 38,00,000
Option 3: Rs 26,50,000
Option 4: Rs 3,00,000
