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 ...

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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

Team Careers360 16th Jan, 2024

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Answer (1)

Team Careers360 25th Jan, 2024

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.

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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
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Discount on Issue of Debentures	.........	10,000

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Question : From the following information,

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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

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Option 2: Rs 21,000

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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

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Option 1: Rs 10,000

Option 2: Rs 21,000

Option 3: Rs 16,500

Option 4: None of the above

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