The value of Reserves and Surplus as on March 31, 2024 stood at: - Accountancy MCQ CUET Accountancy 2026 | ExamTest.live | ExamTest.live

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The value of Reserves and Surplus as on March 31, 2024 stood at:

A $15,00,000$
B $14,00,000$
C $13,00,000$
D $16,00,000$

Solution & Step-by-step Explanation

Let's find the missing value for Reserves and Surplus in 2024: Base Year Value (2023) = 14 Lakhs Absolute Change = - 1 Lakh (Decrease) Value in 2024 = Value in 2023 + Absolute Change Value in 2024 = 14 + (- 1) = 13 Lakhs In standard notation: 13 \times 1, 00, 000 = Rs. 13, 00, 000 .

Practice this question

Try it yourself before checking the explanation above.

The value of Reserves and Surplus as on March 31, 2024 stood at:

A

15,00,000

B

14,00,000

C

13,00,000

D

16,00,000

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Financial Statements Analysis

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