Question :
Following is the extract From the balance sheets of Poorva Ltd.
Liabilities
31-03-2022
31-03-2021
Surplus i.e balance in statement of profit and loss
230000
190000
Proposed Dividend
60000
40000
Dividend Payable
9000
-
Net Profit before tax and Extraordinary items will be :
Option 1: Rs.1,90,000
Option 2: Rs.40,000
Option 3: Rs.1,00,000
Option 4: None of the above
Correct Answer: Rs.1,00,000
Solution :
Hence the correct answer is option 3.
Calculate Operating ratio
From the Following information what
Calculate Cash Flow From Investing
On the basis of following information
Question : M & N were partners. They decided to dissolve their firm on 31st march 2022. The balance sheet of the firm is given below. M undertook to pay Mrs. M Loan and took over 40% of the stock and 70% of machinery at a discount of 15%.The Value at which asset is taken over by
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