Question 14 Calculate the operating profit from the following: Net Profit 5,00,000 Dividend Received 6,000 Loss on sale of Furniture 12,000 Loss by Fire 50,000 Salaries 1,20,000 Interest on Loan from Bank 10,000 Rent Received 24,000 Donation 5,100
Answers
Answer:
Net Profit 5,00,000
Dividend Received 6,000
Loss on sale of Furniture 12,000
Loss by Fire 50,000
Salaries 1,20,000
Interest on Loan from Bank 10,000
Rent Received 24,000
Donation 5,100
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The solution of Question No 14 Chapter No 19: –
D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution
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The solution of Question No 14 Chapter No 19: –
Operating Profit = Net Profit − Non-Operating Income + Non-Operating Expenses
Non-Operating Income = Dividend Received + Rent Received
= 6,000 + 24,000
= Rs 30,000
Non-Operating Income = Loss on Sale of Furniture + Loss by Fire + Interest on Loan + Donation
= 12,000 + 50,000 + 10,000 + 5,100
= Rs 77,100
∴ Operating Profit = 5,00,000 − 30,000 + 77,100
= Rs 5,47,100
Explanation:
Net Profit 5,00,000
Dividend Received 6,000
Loss on sale of Furniture 12,000
Loss by Fire 50,000
Salaries 1,20,000
Interest on Loan from Bank 10,000
Rent Received 24,000
Donation 5,100
The Content covered in this article: [hide]
The solution of Question No 14 Chapter No 19: –
D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution
You can also read these articles
The solution of Question No 14 Chapter No 19: –
Operating Profit = Net Profit − Non-Operating Income + Non-Operating Expenses
Non-Operating Income = Dividend Received + Rent Received
= 6,000 + 24,000
= Rs 30,000
Non-Operating Income = Loss on Sale of Furniture + Loss by Fire + Interest on Loan + Donation
= 12,000 + 50,000 + 10,000 + 5,100
= Rs 77,100
∴ Operating Profit = 5,00,000 − 30,000 + 77,100
= Rs 5,47,100