Question

Share capital Rs. 500000, Net
Profit Rs. 60000 If 25% Provision made
for Reserve, Reserve amount will be --
Answer
A.
Rs. 17000
B.
Rs. 18000
C.
Rs. 20000
D.Rs. 15000​

Answer 1

Answer:

The answer is 250000

Step-by-step explanation:

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Answer 2

Answer:

D. Rs.15000

Provision for Reserve is made on profit.

Given, Profit= Rs. 60000

Reserve is made @ 25%

therefore, Reserve = 60000 x 25%

= Rs. 15000