[ISC] Q. 16 Solution of Final Accounts of Companies – Application TS Grewal ISC (2023-24)
Solution of Q 16 Final Accounts of Companies-Application TS Grewal Class 12 ISC Board Accountancy Book 2023-24
A company has an opening credit balance in Surplus, i.e., Balance in Statement of Profit & Loss of ₹ 1,00,000. During the year, it earned a profit of ₹ 75,000. It decided to transfer ₹ 15,000 to Debentures Redemption Reserve (DRR) and also proposed to pay dividend of ₹ 25,000.
How will be the appropriation shown in the financial statements?
![](https://commerceschool.in/wp-content/uploads/2024/03/q16-2-1024x158.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2024/03/1-180-1024x312.webp)
![](https://commerceschool.in/wp-content/uploads/2024/03/2-68-1024x631.webp)