The summarized balance sheet of Rakesh udyog Limited shows the balances of previous and
current year of provision for taxation Rs. 50,000 and Rs. 65,000. If taxed paid during the current year
amounted to Rs. 70,000 then amount charge from Profit and Loss Account will be:
(a) Rs. 55,000
(b) Rs. 85,000
(c) Rs. 45,000
(d) Rs. 1,85,000
current year of provision for taxation Rs. 50,000 and Rs. 65,000. If taxed paid during the current year
amounted to Rs. 70,000 then amount charge from Profit and Loss Account will be:
(a) Rs. 55,000
(b) Rs. 85,000
(c) Rs. 45,000
(d) Rs. 1,85,000