Financial Statements

Nature/Structure

Medium

Other income is Rs. 5,00,000 which is 25% of Revenue from operations. Employees benefit Expenses are 30% of the Revenue from operation. Tax rate is 40%. Net profit after tax will be :

Rs. 10,25,000

Rs. 11,40,000

Rs. 10,75,000

Rs. 10,35,000

✅ Correct Option: 2

Revenue from Operations = 5,00,000 / 25% = 20,00,000.

Total Revenue = 20,00,000 + 5,00,000 = 25,00,000.

Employee Benefit Expenses = 30% x 20,00,000 = 6,00,000.

Profit before Tax = 25,00,000 - 6,00,000 = 19,00,000.

Tax = 40% x 19,00,000 = 7,60,000.

Net Profit after Tax = 19,00,000 - 7,60,000 = 11,40,000.

2022: 23 Aug Shift 2

Match List - I with List - II.

Choose the correct answer from the options given below :

2025: 2 June Shift 2

Goods costing Rs.80,000/- were sold at a profit of 20% on sales. the amount of gross profit on this sales is.

2025: 24 May Shift 1

Match List-I with List-II

List-I	List-II
Expenses incurred to earn the income	Explanation
(A). Purchase of Stock-in-trade	(I). Expenses towards interest charges during the year on the borrowings
(B). Employees benefit expenses	(II). Diminution in the value of fixed assets
(C). Finance cost	(III). Purchases of goods for the purpose of trading
(D). Depreciation	(IV). Expenses incurred on employees towards salary, wages, leave encashment, staff welfare, etc

Choose the correct answer from the options given below:

2025: 14 May Shift 2

Arrange Financial Statements in Correct Sequence-

(A) Cash Flow Statement

(B) Balance Sheet

(D) Trading Account

Choose the correct answer from the options given below:

2024

Window dressing is a practice

2023: 11 June Shift 3

Identify the correct sequence of different items to be shown in a Balance-Sheet of a company.

(A) Trade payable

(B) Non-Current Investments

(D) Intangible Assets

(E) Long term borrowing

Choose the correct answer from the options given below :

Solution