[CBSE] Q. 9 Cash Flow Statement TS Grewal Class 12 2023-24

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Solution of Question number 9 of the Cash Flow Statement of TS Grewal Book 2023-24 session?

From the following information, calculate Net Profit before Tax and Extraordinary Items:

Surplus, i.e., Balance in Statement of Profit & Loss (Opening)₹ 1,00,000
Surplus, i.e., Balance in Statement of Profit & 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

[Ans.: Net Profit before Tax and Extraordinary Items = ₹ 7,45,000.]

Solution:-

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