Question 5:
Following
are the extracts from the Balance Sheet of MAH Ltd. as at 31st March, 2025:
|
Particular |
31st March 2025 (₹) |
31st March 2024 (₹) |
|
Surplus, i.e., Balance in Statement of
Profit and Loss |
10,00,000 |
5,00,000 |
|
Dividend Payable |
50,000 |
– |
Additional Information: Proposed Dividend for the years ended 31st
March, 2024 and 2025 are
₹ 4,00,000 and ₹
5,00,000 respectively.
Prepare the Note to show Net Profit before Tax and Extraordinary Items.
Answer:
|
|
Particulars |
Amount (₹) |
|
|
Profit as per Statement of Profit and Loss
(10,00,000 – 5,00,000) |
5,00,000 |
|
|
Add:
Proposed Dividend (Current Year) |
4,00,000 |
|
|
Profit Before Taxation and Extraordinary Items |
9,00,000 |
Question 6:
Following
is the extract from the Balance Sheet of Zee Ltd.:
|
Particular |
31st March 2025 (₹) |
31st March 2024 (₹) |
|
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
2023-24 and 2024-25 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 Universal Ltd, calculate Net Profit
before Tax and Extraordinary items:
Equity and Liabilities
|
31st March, 2025 (₹)
|
31st March, 2024 (₹)
|
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, 2024.
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 |
|
|
Proposed Dividend |
72,000 |
|
|
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 |
7,45,000 |
|
|
|
|
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Ts Grewal Solution 2025-2026
Class 12 / Volume – 3
Chapter 5 – Cash Flow Statements