LS2512: The following are the balance sheet of M/s Delhi Industries Ltd. as on December 31 of two years (Balance sheet on next page):

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Question: The following are the balance sheet of M/s Delhi Industries Ltd. as on December 31 of two years (Balance sheet on next page):

(a)The income for the year amounted to Rs. 57.80 lakhs after charging depreciation of Rs. 8.40 lakhs, but before making the following adjustments:

(b)The dividend declared and paid during the year 2 amounted to Rs. 25.60 lakhs. From the above particulars prepare:

 


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