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M.184 An Aid to Accountancy—CBSE XII

Notes to Accounts
Particulars 31st March, 31st March,
2018 (`) 2017 (`)
1. Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit and Loss 2,00,000 1,00,000
2. Other Current Liabilities
Unpaid Dividend 20,000 ...
2. Short-term Provisions
Provision for Tax 70,000 40,000
Note: Proposed Dividend for the years ended 31st March, 2017 and 2018 was ` 60,000 and ` 1,00,000 respectively.
Additional Information:
(i) During the year, a machine costing ` 75,000 was purchased. Loss on sale of
machinery was ` 5,000. Depreciation charged on machinery was ` 12,000.
(ii) Tax paid during the year was ` 50,000.
(iii) Bank Loan of ` 1,00,000 repaid on 1st April, 2017. (6)