Question : From the following information,
| Particulars | 31 st march, 2020(Rs) | 31 st march, 2019(Rs) |
| General Reserve | 1,50,000 | 1,00,000 |
| Surplus, i.e,, Balance in Statement of Profit and Loss | 70,000 | (60,000) |
| Goodwill | 80,000 | 1,00,000 |
| 10% Non-current Investments | 1,60,000 | 60,000 |
| inventories | 2,45,000 | 60,000 |
| Provision for Doubtful Debts | 1,50,000 | 1,00,000 |
| 10% Debentures | 2,10,000 | 1,00,000 |
| Discount on Issue of Debentures | ......... | 10,000 |
Net profit after charging Tax and extraordinary item is __________.
Option 1: Rs 10,000
Option 2: Rs 70,000
Option 3: Rs 1,30,000
Option 4: None of the above
Correct Answer: Rs 1,30,000
Solution :
Answer =
Rs 1,30,000
Net profit after charging tax and extraordinary expenses[70,000+(60,000)]= 1,30,000.
Hence, the correct option is 3.
Related Questions
Question : From the following information,
| Particulars | 31 st march, 2020(Rs) | 31 st march, 2019(Rs) |
| General Reserve | 1,50,000 | 1,00,000 |
| Surplus, i.e,, Balance in Statement of Profit and Loss | 70,000 | (60,000) |
| Goodwill | 80,000 | 1,00,000 |
| 10% Non-current Investments | 1,60,000 | 60,000 |
| inventories | 2,45,000 | 60,000 |
| Provision for Doubtful Debts | 1,50,000 | 1,00,000 |
| 10% Debentures | 2,10,000 | 1,00,000 |
| Discount on Issue of Debentures | ......... | 10,000 |
Net profit after charging Tax and extraordinary item is __________.
Option 1: Rs 10,000
Option 2: Rs 70,000
Option 3: Rs 1,30,000
Option 4: None of the above
Question : From the following information,:
| Particulars | 31 st march, 2020(Rs) | 31 st March, 2019(Rs) |
| Equity share capital | 5,00,000 | 4,00,000 |
| 10% Debentures | 1,00,000 | 1,50,000 |
| Securities premium Reserve | 50,000 | 40,000 |
| Bank overdraft | 2,00,000 | 1,50,000 |
Additional Information: Interest paid on debentures Rs 10,000. The value of Cash Flow from Financing Activities will be ___________.
Option 1: Rs 1,15,000
Option 2: Rs 85,000
Option 3: Rs 58,000
Option 4: Rs 1,00,000
Question : From the following information,:
| Particulars | 31 st march, 2020(Rs) | 31 st March, 2019(Rs) |
| Equity share capital | 5,00,000 | 4,00,000 |
| 10% Debentures | 1,00,000 | 1,50,000 |
| Securities premium Reserve | 50,000 | 40,000 |
| Bank overdraft | 2,00,000 | 1,50,000 |
Additional Information: Interest paid on debentures Rs 10,000. The value of Cash Flow from Financing Activities will be ___________.
Option 1: Rs 1,15,000
Option 2: Rs 85,000
Option 3: Rs 58,000
Option 4: Rs 1,00,000
Question : From the following information,
| Particulars | 31 st march, 2020(Rs) | 31 st march, 2019(Rs) |
| General Reserve | 1,50,000 | 1,00,000 |
| Surplus, i.e,, Balance in Statement of Profit and Loss | 70,000 | (60,000) |
| Goodwill | 80,000 | 1,00,000 |
| 10% Non-current Investments | 1,60,000 | 60,000 |
| inventories | 2,45,000 | 60,000 |
| Provision for Doubtful Debts | 1,50,000 | 1,00,000 |
| 10% Debentures | 2,10,000 | 1,00,000 |
| Discount on Issue of Debentures | ......... | 10,000 |
Question:
Interest On debentures if New Debentures were issued on 1 October 2019 _____.
Option 1: Rs 10,000
Option 2: Rs 21,000
Option 3: Rs 16,500
Option 4: None of the above
Question : From the following information,
| Particulars | 31 st march, 2020(Rs) | 31 st march, 2019(Rs) |
| General Reserve | 1,50,000 | 1,00,000 |
| Surplus, i.e,, Balance in Statement of Profit and Loss | 70,000 | (60,000) |
| Goodwill | 80,000 | 1,00,000 |
| 10% Non-current Investments | 1,60,000 | 60,000 |
| inventories | 2,45,000 | 60,000 |
| Provision for Doubtful Debts | 1,50,000 | 1,00,000 |
| 10% Debentures | 2,10,000 | 1,00,000 |
| Discount on Issue of Debentures | ......... | 10,000 |
Question:
Interest On debentures if New Debentures were issued on 1 October 2019 _____.
Option 1: Rs 10,000
Option 2: Rs 21,000
Option 3: Rs 16,500
Option 4: None of the above
