The summarized balance sheet of Autolight Limited shows the balances of previous and current
year of retained earnings Rs. 25,000 and Rs. 35,000. If dividend paid during the current year amounted to
Rs. 5,000 then profit earned during the year will be:
(a) Rs. 5,000
(b) Rs. 55,000
(c) Rs. 15,000
(d) Rs. 65,000
year of retained earnings Rs. 25,000 and Rs. 35,000. If dividend paid during the current year amounted to
Rs. 5,000 then profit earned during the year will be:
(a) Rs. 5,000
(b) Rs. 55,000
(c) Rs. 15,000
(d) Rs. 65,000