Following is the extract from the Balance Sheet of Karishma Ltd. as at 31st March, 2023:
| Equity and Liabilities | 31st March, 2023 (₹) |
31st March, 2022 (₹) |
| Surplus, i.e., Balance in Statement of Profit & Loss Dividend Payable |
10,00,000
50,000 |
5,00,000
— |
Additional Information: Proposed Dividend for the years ended 31st March, 2022 and 2023 are ₹ 4,00,000 and ₹ 5,00,000 respectively.
Prepare the Note to show Net Profit before Tax and Extraordinary Items.
Solution :
