Calculate the Cost of Revenue from Operations: Calculate the Profit before Tax: Calculate the Tax Amount: Calculate Profit after Tax: Thus, the amount of Profit after Tax is 1,60,000.
List-I (Name of account to be debited or credited, when shares are forfeited) | List-II (Amount to be debited or credited) |
---|---|
(A) Share Capital Account | (I) Debited with amount not received |
(B) Share Forfeited Account | (II) Credited with amount not received |
(C) Calls-in-arrears Account | (III) Credited with amount received towards share capital |
(D) Securities Premium Account | (IV) Debited with amount called up |