TheCATExam
Sign in

CAT 1995 — DILR Question 9

TablesEasy
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.

In which year was the percentage addition to reserves over previous years reserves the highest?

Answer & solution

  • 1991

  • B

    1992

  • C

    1993

  • D

    1994

Solution

​​​​​​​​​​​​​​

​​​​​​​Hence, the highest percentage addition to reserves was in 1991.

CAT 1995 DILR Q9: In which year was the percentage addition to reserves over previous years reserves the highest? — Solution | TheCATExam