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
Correct Answer: Rs 38,00,000
Solution : Answer = Rs 38,00,000
| N.P After charging tax and Extraordinary items(8,00,000-5,00,000) | 3,00,000 |
| (+) Dividend paid(p.y) | 35,00,000 |
| N.P before charging tax and extraordinary items | 38,00,000 |
Hence, the correct option is 2.
Related Questions
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 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 : 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 : Sun pharma Ltd., reported Net Profit after Tax of Rs. 6,10,000 for the year ended 31 st March, 2020. The relevant extract from Balance Sheet as at 31 st March, 2020 is:
| Particulars | 31st march, 2020(Rs) | 31st march, 2019(Rs) |
| Inventories | 1,15,000 | 1,25,000 |
| Prepaid Expenses | 20,000 | 6,000 |
| Trade Payables | 1,10,000 | 80,000 |
| Provision for Tax | 20,000 | 15,000 |
Depreciation charged on Plant and Machinery Rs. 55,000, tax provided during the year Rs 15,000 and insurance claim received Rs. 50,000, gain (profit) on sale of investment Rs. 20,000 appeared in the Statement of Profit and Loss for the year ended 31st March, 2020.
Cash Flow from Operating Activities are ____________.
Option 1: Rs 6,36,000
Option 2: Rs 6,66,000
Option 3: Rs 6,96,000
Option 4: Rs 6,86,000
Question : Sun pharma Ltd., reported Net Profit after Tax of Rs. 6,10,000 for the year ended 31 st March, 2020. The relevant extract from Balance Sheet as at 31 st March, 2020 is:
| Particulars | 31st march, 2020(Rs) | 31st march, 2019(Rs) |
| Inventories | 1,15,000 | 1,25,000 |
| Prepaid Expenses | 20,000 | 6,000 |
| Trade Payables | 1,10,000 | 80,000 |
| Provision for Tax | 20,000 | 15,000 |
Depreciation charged on Plant and Machinery Rs. 55,000, tax provided during the year Rs 15,000 and insurance claim received Rs. 50,000, gain (profit) on sale of investment Rs. 20,000 appeared in the Statement of Profit and Loss for the year ended 31st March, 2020.
Cash Flow from Operating Activities are ____________.
Option 1: Rs 6,36,000
Option 2: Rs 6,66,000
Option 3: Rs 6,96,000
Option 4: Rs 6,86,000
