From the following information, calculate Net Profit before Tax and Extraordinary Items:

 ParticularsAmount
(Rs.)
Surplus, i.e., Balance in Statement of Profit and Loss (Opening)1,00,000
Surplus, i.e., Balance in Statement of Profit and Loss (Closing)3,36,000
Dividend paid in the current year72,000
Interim Dividend Paid during the year90,000
Transfer to Reserve1,00,000
Provision for Tax for the current year1,50,000
Refund of Tax3,000
Loss due to Earthquake2,00,000
Insurance Proceeds from Earthquake disaster settlement1,00,000

SOLUTION


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