Question

Q) A company has an opening credit balance in Surplus, le Balance in
Santa Poland Lost
100.000 During the year, it earned a profit of 75.000. decided to 15.000 to Debentare
Redemption Reserve (DRR) and also proposed to pay dividend of 25.000
How will be the appropriations shown in the financial statements​

Answer 1

Answer:

Extract of Balance Sheet

as at …..

Particulars

Note No.

Amount

( `)

I. Equity and Liabilities

1. Shareholders’ Funds

a. Share Capital

b. Reserves and Surplus

1

1,50,000

2. Share Application Money Pending Allotment

3. Non-Current Liabilities

4. Current Liabilities

a. Short-term Provisions

4

25,000

Total

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