[CBSE] Q. 7 Cash Flow Statement TS Grewal Class 12 2023-24

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Solution of Question number 7 of the Cash Flow Statement of TS Grewal Book 2023-24 session?

From the following extract of Balance Sheet of Universal Ltd., Calculate Net Profit before Tax and Extraordinary Items:

Equity and Liabilities31st March,
2023 (₹)
31st March,
2022 (₹)
Equity Share Capital
10% Preference Share Capital
Surplus, i.e., Balance in Statement of Profit & Loss
10,00,000
10,00,000
15,00,000
10,00,000
10,00,000
10,00,000

Interim Dividend of ₹ 2,00,000 was paid on Equity Shares on 1st November, 2022.

[Ans.: Net Profit Before Tax and Extraordinary Items = ₹ 8,00,000.]

Solution:-

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