From the following information, calculate Net Profit before Tax and Extraordinary Items:

₹

Surplus, i.e., Balance in Statement of Profit and Loss (Opening) 1,00,000

Surplus, i.e., Balance in Statement of Profit and Loss (Closing) 3,36,000

Dividend paid in the current year 72,000

Interim Dividend Paid during the year 90,000

Transfer to Reserve 1,00,000

Provision for Tax for the current year 1,50,000

Refund of Tax 3,000

Loss due to Earthquake 2,00,000

Insurance Proceeds from Earthquake disaster settlement 1,00,000

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Solution

Cash Flow Statement

for the year ended…

Particulars

Amount

(Rs)

A

Cash Flow from Operating Activities

Profit as per Statement of Profit and Loss (3,36,000 − 1,00,000)

2,36,000

Add: Transfer to Reserve

1,00,000

Proposed Dividend

72,000

Interim Dividend

90,000

Provision for Tax

1,50,000

Extraordinary Items (Loss due to Earthquake)

2,00,000

Less: Extraordinary Items (Insurance Proceeds from Earthquake disaster settlement )

(1,00,000)

Refund of Tax

(3,000)

Net Profit before Tax and Extraordinary Items

7,45,000

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Particulars ulars	Note No.	31st March, 2019 (₹)	31st March, 2018 (₹)
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$\begin{matrix} Particulars & Rs. & Particulars & Rs. ‘ Long-term Borrowings & 18, 00, 000 & Share Capital & 10,00,000 Long-term Provisions & 2, 00, 000 & Security Premium Reserve & 3,00,000 Trade Payables & 5, 00, 000 & General Reserve & 5,00,000 Surplus i.e., Balance in Statement of Profit and Loss & (2,00,000) \end{matrix}$

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	₹
Surplus, i.e., Balance in Statement of Profit and Loss (Opening)	1,00,000
Surplus, i.e., Balance in Statement of Profit and Loss (Closing)	3,36,000
Dividend paid in the current year	72,000
Interim Dividend Paid during the year	90,000
Transfer to Reserve	1,00,000
Provision for Tax for the current year	1,50,000
Refund of Tax	3,000
Loss due to Earthquake	2,00,000
Insurance Proceeds from Earthquake disaster settlement	1,00,000

Cash Flow Statement for the year ended…
	Particulars	Amount (Rs)
A	Cash Flow from Operating Activities
	Profit as per Statement of Profit and Loss (3,36,000 − 1,00,000)	2,36,000
	Add: Transfer to Reserve	1,00,000
	Proposed Dividend	72,000
	Interim Dividend	90,000
	Provision for Tax	1,50,000
	Extraordinary Items (Loss due to Earthquake)	2,00,000
	Less: Extraordinary Items (Insurance Proceeds from Earthquake disaster settlement )	(1,00,000)
	Refund of Tax	(3,000)
	Net Profit before Tax and Extraordinary Items	7,45,000