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CA CPT June 2015 Question Paper Fundamentals of Accounting for online practice
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Question : 31
Total: 60
Depreciation
Rs 84,500
Bed Debts
Rs 2,500
Increases in provision for doubtful debts
Rs 22,000
Proposed dividend
Rs 73,200
Retained profit for the year
Rs 1,22,000
Liability of tax
Rs 26,400
State what amounts should be transferred to:
i)Provision
ii)Reserves
iii)Neither related to provisions nor reserves
Prov
Res
No Prov./Res
(a)
Rs 1,32,900Rs
1,22,000
Rs 75,700
(b)
Rs 95,200
Rs 1,22,000
Rs 1,13,400
(c)
Rs 1,22,000
Rs 95,200
Nill
(d)
Rs 1,22,000
Rs 1,21,000
Nill
(a)
(b)
(c)
(d)
Validate
Solution:
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