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Prayas Ltd. made a profit of Rs. 1,75,000 after considering the following items:

(i) Goodwill written off Rs. 6,000

(ii) Depreciation on Furniture Rs.3,400

(iii) Loss on sale of Building Rs. 89,000

(iv) Gain on sale of Land Rs. 4,250

Operating Profit before Working Capital changes will be:

(a) Rs. 2,25,149

(b) Rs. 2,69,150

(c) Rs. 2,35,160

(d) Rs. 2,53,145

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Best answer

Correct answer is (b) Rs. 2,69,150

Explanation: Operating Profit before Working Capital changes will be Rs. 2,69,150.

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