Advertisements
Advertisements
प्रश्न
On 1st April, 2022 X Ltd. has a debit balance of ₹ 3,00,000 in Reserves and Surplus as Balance of Statement of Profit & Loss. It earned a profit of ₹ 5,00,000 for the year ended 31st March, 2023. How would you show these items in the Balance Sheet and notes to accounts?
खातेवही
Advertisements
उत्तर
| Extract of Balance Sheet as at... | |||
| Particulars | Note No. | Amount Current Year ₹ | Amount Previous Year ₹ |
| I. Equity and Liabilities: | |||
| Shareholders’ Funds: | |||
| (b) Reserve and Surplus | 2,00,000 | ||
Notes to Accounts:
| Particulars | ₹ |
| 2. Reserves and Surplus: | |
| Surplus (Balance of Statement of Profit & Loss) | |
| Opening debit balance (as on 1-4-2022) | (3,00,000) |
| Add: Profit for the year ended 31-3-2023 | 5,00,000 |
| Closing Surplus | 2,00,000 |
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
