Given below are the extracts of information from Financial statements of Zucca Ltd.
Particular 2020-21 2021-22
Equities and Liabilities
Share holder's funds
Reserve and Surplus (Statement of Profit and Loss) 4,00,000 7,00,000
Current liabilities :- Dividend Payable 40,000
Calculate amount of Net Profit after tax, if an interim dividend of ₹ 2,00,000 was declared and paid.

Question

What is the correct sequence to prepare company’s Balance Sheet as per the standard format given according to Schedule III of Companies Act, 2013?
A. Non-Current Liability
B. Non-Current Assets
C. Shareholder’s Fund
D. Current Assets
E. Current Liability
Choose the correct answer from the options given below:

Answer 1

The correct option is (B) :₹ 5,00,000.

The Correct Option is B

Solution and Explanation

Top Questions on Financial Statements of a Company

Questions Asked in CUET (UG) exam

Particular	2020-21	2021-22
Equities and Liabilities
Share holder's funds
Reserve and Surplus (Statement of Profit and Loss)	4,00,000	7,00,000
Current liabilities :- Dividend Payable		40,000