Question : From the following information,
| Net Prof-it before Tax and Extraordinary Items | 2,23,500 |
| Depreciation | 42,000 |
| Interest on Borrowings | 8,400 |
| Goodwill Amortised | 9,300 |
| Loss on Sale of Machinery | 9,000 |
| Premium on Redemption of Debentures | 3,000 |
| Interest and Dividend Received on Investments | 13,800 |
| Profit on Sale of Investments | 6,000 |
Operating profit before change in working capital is------------.
Option 1: Rs 2,92,400
Option 2: Rs 2,72,400
Option 3: Rs 3,00,000
Option 4: None of the above
Correct Answer: Rs 2,72,400
Solution :
Answer =
Rs 2,72,400
Calculation of operating profit before change in Working Capital
| N.P Before Tax and Extraordinary items | 2,23,500 |
| (+) Depreciation | 42,000 |
| (+) Interest on Borrowings | 8,400 |
| (+) Goodwill Amertised | 9,300 |
| (+) Loss on sale of machinery | 9,000 |
| (-) Interest and Dividend received on Investments | (13,800) |
| (-) Profit on sale of Investment | (6,000) |
| Operating profit before the change in working capital | 2,72,400 |
Hence, the correct option is 2.
Related Questions
Question : From the following information,
| Net Prof-it before Tax and Extraordinary Items | 2,23,500 |
| Depreciation | 42,000 |
| Interest on Borrowings | 8,400 |
| Goodwill Amortised | 9,300 |
| Loss on Sale of Machinery | 9,000 |
| Premium on Redemption of Debentures | 3,000 |
| Interest and Dividend Received on Investments | 13,800 |
| Profit on Sale of Investments | 6,000 |
Operating profit before change in working capital is------------.
Option 1: Rs 2,92,400
Option 2: Rs 2,72,400
Option 3: Rs 3,00,000
Option 4: None of the above
Question : X and Y were partners in a firm sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at 31st March, 2017 was as follows :
| Liabilities | Rs. | Assets | Rs. |
| Creditors | 42,000 | Current Assets | 2,00,000 |
| Employee's Provident Fund | 20,000 | Investments | 50,000 |
| Contingency Reserve | 30,000 | Furniture | 20,000 |
| Profit & Loss Account | 45,000 | Machinery | 90,000 |
| Workmen Compensation Reserve | 18,000 | Advertisement Expenditure (Deferred Revenue Expenditure) |
20,000 |
| Investment Fluctuation Reserve | 25,000 | ||
| Capitals: | |||
| X- 1,20,000 | |||
| Y- 80,000 | 2,00,000 | ||
| 3,80,000 | 3,80,000 |
They admit Z into partnership on 1st April, 2017 and the new profit sharing ratio is agreed at 2: 1: 1. It is estimated that:
(i) Claim on account of Workmen's Compensation is estimated at Rs. 10,000.
(ii) Market value of Investments is Rs.46,000.
After all adjustment the balances of their capitals will be
Option 1: Balances X 1,70,400, Y Rs 1,13,600
Option 2: Balances X Rs 1,82,400, Y Rs 1,21,600
Option 3: Balances X Rs 1,20,000, Y Rs 80,000
Option 4: None of the above
Question :
| Surplus, i.e., Balance in Statement of Profit and Loss (Opening) | 50,000 |
| Surplus, i.e., Balance in Statement of Profit and Loss (Closing) | 1,18,000 |
| Dividend paid (proposed dividend for the previous year) | 36,000 |
| Interim Dividend paid during the year | 45,000 |
| Transfer to Reserve | 50,000 |
| Provision for Tax made during the current year | 75,000 |
| Refund of Tax | 1,500 |
| Loss of Inventory due to Fire | 1,00,000 |
| Insurance Claim Received for above Loss | 50,000 |
From the following information, Net profit before tax and extraordinary items are-----------
Option 1: Rs 3,22,500
Option 2: Rs 3,72,500
Option 3: Rs 4,00,000
Option 4: None of the above.
Question : Refer to the following data table and answer the question.
| Year | Profit / Loss in Rs. crore |
| 2011 | 5 |
| 2012 | 15 |
| 2013 | –20 |
| 2014 | –15 |
| 2015 | –5 |
What was the total profit or loss of the company in the last 5 years?
Option 1: Profit of Rs. 20 crores
Option 2: Loss of Rs. 30 crores
Option 3: Loss of Rs. 20 crores
Option 4: Profit of Rs. 30 crores
Question :
| Particulars | 31st march 2020(Rs) | 31st march 2019(Rs) |
| 10% investment | 5,00,000 | 2,50,000 |
| Fixed Assets | 11,90,000 | 8,75,000 |
Additional Information:
Half of the investments held in the beginning of the year were sold at 10% gain (profit).
I. Depreciation on Fixed Assets was Rs 1,00,000 for the year.
II. Interest received on investments Rs 35,000.
III. Dividend received on investments Rs 25,000.
Question:
Value of Interest received on investment ___________.
Option 1: Rs 25,000
Option 2: Rs 50,000
Option 3: Rs 35,000
Option 4: None of the above
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