Question 5:
Following are the extracts from the Balance Sheet of MAH Ltd. as at 31st March, 2026:
|
Particular |
31st March 2026 (₹) |
31st March 2025 (₹) |
|
Surplus, i.e., Balance in Statement of Profit and Loss |
20,00,000 |
10,00,000 |
|
Dividend Payable |
50,000 |
– |
Additional
Information: Proposed Dividend for the years ended
31st March, 2025 and 2026 are ₹ 8,00,000 and ₹ 10,00,000
respectively.
Prepare the Note to show Net Profit before Tax and Extraordinary Items.
Answer:
|
|
Particulars |
Amount (₹) |
|
|
Profit as per Statement of Profit and Loss (20,00,000 – 10,00,000) |
10,00,000 |
|
|
Add: Proposed Dividend (Current Year) |
8,00,000 |
|
|
Profit Before Taxation and Extraordinary Items |
18,00,000 |
Question 6:
Following is the extract from the Balance Sheet of Zee Ltd.:
|
Particular |
31st March 2026 (₹) |
31st March 2025 (₹) |
|
Equity Share Capital |
8,00,000 |
8,00,000 |
|
10% Preference Share Capital |
6,00,000 |
6,00,000 |
|
Surplus i.e., Balance in Statement of Profit and Loss |
7,20,000 |
4,00,000 |
|
Unpaid Dividend |
20,000 |
– |
Additional Information:
(i) Proposed dividend on equity shares for the year 2024-25 and 2025-26 are ₹
1,60,000 and ₹ 2,00,000 respectively.
(ii) An Interim Dividend of ₹40,000 on Equity Shares was paid.
Calculate Net Profit before Tax and Extraordinary Items.
Answer:
|
|
Particulars |
Amount (₹) |
|
|
Profit as per Statement of Profit and Loss (7,20,000 – 4,00,000) |
3,20,000 |
|
|
Add: Proposed Dividend (Current Year) |
1,60,000 |
|
|
Add: Proposed Preference Dividend (Current Year) 10% of 6,00,000 |
60,000 |
|
|
Add: Interim Dividend |
40,000 |
|
|
Profit Before Taxation and Extraordinary Items |
5,80,000 |
Question 7:
From the following extract of Balance Sheet of Sunrise Ltd, calculate Net Profit before Tax and Extraordinary items:
Equity and Liabilities |
31st March, 2026 (₹) |
31st March, 2025 (₹) |
Equity Share Capital |
10,00,000 |
10,00,000 |
10% Preference Share Capital |
10,00,000 |
10,00,000 |
Surplus, i.e., Balance in Statement of Profit & Loss |
15,00,000 |
10,00,000 |
Additional Information:
Interim Dividend of 2,00,000 was paid on Equity Shares on 1st November, 2025.
Answer:
|
|
Particulars |
Amount (₹) |
|
|
Profit as per Statement of Profit and Loss (15,00,000 – 10,00,000) |
5,00,000 |
|
|
Add: |
|
|
|
Interim Dividend Paid on Equity Shares |
2,00,000 |
|
|
Interim Dividend Paid on Preference Shares (10% on 10,00.000) |
1,00,000 |
|
|
Profit Before Taxation and Extraordinary Items |
8,00,000 |
Question 8:
From the following information, calculate Net Profit before Tax and Extraordinary Items:
|
|
₹ |
|
Surplus, i.e., Balance in Statement of Profit and Loss (Opening) |
1,00,000 |
|
Surplus, i.e., Balance in Statement of Profit and Loss (Closing) |
3,36,000 |
|
Dividend paid in the current year |
72,000 |
|
Interim Dividend Paid during the year |
90,000 |
|
Transfer to Reserve |
1,00,000 |
|
Provision for Tax for the current year |
1,50,000 |
|
Refund of Tax |
3,000 |
|
Loss due to Earthquake |
2,00,000 |
|
Insurance Proceeds from Earthquake disaster settlement |
1,00,000 |
Answer:
|
Cash Flow Statement for the year ended… |
||
|
|
Particulars |
Amount (₹) |
|
A |
Cash Flow from Operating Activities |
|
|
|
Profit as per Statement of Profit and Loss (3,36,000 − 1,00,000) |
2,36,000 |
|
|
Add: |
|
|
|
Transfer to Reserve |
1,00,000 |
|
|
Interim Dividend |
90,000 |
|
|
Provision for Tax |
1,50,000 |
|
|
Extraordinary Items (Loss due to Earthquake) |
2,00,000 |
|
|
Less: Extraordinary Items (Insurance Proceeds from Earthquake disaster settlement ) |
(1,00,000) |
|
|
Refund of Tax |
(3,000) |
|
|
Net Profit before Tax and Extraordinary Items |
6,73,000 |
|
|
|
|
Click below for more Questions
Ts Grewal Solution 2026-2027
Class 12 / Volume – 3
Chapter 5 – Cash Flow Statements
Question No. 1 To 4
Question No. 5 To 8
Question No. 9 To 12
Question No. 13 To 16
Question No. 17 To 20
Question No. 21 To 24
Question No. 25 To 28
Question No. 29 To 32
Question No. 33 To 36
Question No. 37 To 40
Question No. 41 To 44
Question No. 45 To 48
Question No. 49 To 52