Advertisements
Advertisements
Question
Reserves and Surplus of Jai Ltd. were ₹ 10,00,000 (Negative Balance) in the year 2023-24. It becomes ₹ 15,00,000 in the year 2024-25. The percentage change in Reserves and Surplus is ______.
Options
50%
100%
150%
250%
MCQ
Fill in the Blanks
Advertisements
Solution
Reserves and Surplus of Jai Ltd. were ₹ 10,00,000 (Negative Balance) in the year 2023-24. It becomes ₹ 15,00,000 in the year 2024-25. The percentage change in Reserves and Surplus is 250%.
Explanation:
Current Year (2024-25) − Base Year (2023-24) = Absolute Change
15,00,000 − (−10,00,000)
= 25,00,000
= `(25,00,000)/(−10,00,000) xx 100`
= 250%
shaalaa.com
Is there an error in this question or solution?
