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Standard XII
Mathematics
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When Gross Pr...
Question

When Gross Profit Rs. 5,00,000, Wages Rs. 10,000, Cost of Goods sold Rs. 3,00,000, Rent paid Rs. 25,000, Salaries paid Rs. 1,00,000, Commission be allowed Rs. 3,000, Discount allowed Rs. 2,000, Provision for doubtful debts Rs. 5,000, Provision for legal damages Rs. 3,000, Provision for taxation Rs. 1,50,000, Provision for depreciation Rs. 50,000 and Refund of tax Rs. 2,000, then the amount of funds from operations is __________.

A
Rs. 3,60,000
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B
Rs. 3,57,000
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C
Rs. 3,54,000
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D
Rs. 3,62,000
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Solution

The correct option is D Rs. 3,62,000
Funds from operations
= Gross Profit − Operating Expenses
(excluding depreciation)
= Rs. 5,00,000−(Rs. 25,000+Rs. 1,00,000+Rs.3,000+Rs. 2,000+Rs. 5,000+Rs. 3,000)
=Rs. 3,62,000.

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Additional Information:
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