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CAT 1995 — DILR Question 10

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Passage / Data

Direction: Answer the questions based on the following information.

​​​​​​​​​​​​​​

​​​​​​​Ghosh Babu surveyed his companies and obtained the following data. Income tax is paid from profit before tax and the remaining amount is apportioned to dividend and retained earnings. The retained earnings were accumulated into reserves. The reserves at the beginning of 1991 were Rs.80 lakh.

Amount of the reserves at the end of 1994 is

Answer & solution

Correct answer: Rs.935 lakh

  • Rs.935 lakh

  • B

    Rs.915 lakh

  • C

    Rs.230 lakh

  • D

    None of these

Solution

​​​​​​​​​​​​​​​​​​​​​

From the table, it is clear that the amount of reserves at the end of 1994 = (535 + 400) = Rs.935 lakh.

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CAT 1995 DILR Q10: Amount of the reserves at the end of 1994 is — Solution | TheCATExam