Question: This problem is a continuation of Chapter 2, Numerical Problem 2. Please help Shiraz Dhaneshyar in completing the profit and loss statement of T.V. Today

This problem is a continuation of Chapter 2, Numerical Problem 2. Please help Shiraz Dhaneshyar in completing the profit and loss statement of T.V. Today Network by filling the following items with figures at the appropriate blanks below: Current tax 416; Deferred tax 2; Depreciation and amortization expense 300; Employee benefits expense 1168; Finance costs 15; Other expenses 1736; Other income 227; Production cost 545; Profit before tax 1229; Profit for the year 811; and Revenue from operations 4766.T.V. Today Network Limited Statement of Profit and Loss for the year


Data from Chapter 2, Numerical Problem 2

Shiraz Daneshyar was working for the TV Today Network, one of India’s leading news television networks along with Network 18 and NDTV. Its news channels included Aaj Tak (Hindi), Headlines Today (English), Tez (Hindi), and Business Today (English). Please help Shiraz in completing the balance sheet of TV Today Network by filling the following items with figures at the appropriate blanks below: Capital work-in-progress 31; Cash and bank balances 944; Intangible assets 377; Long-term loans and advances 63; Long-term provisions 109; Non-current investments 455; Other current liabilities 340; Other long-term liabilities 17; Reserves and surplus 4,202; Share capital 298; Short-term borrowings 67; Short-term loans and advances 399; Short-term provisions 114; Tangible assets 1,976; Trade payables 676; and Trade receivables 1,406.ended March 31, 2015 Particulars ? ? Total revenue Expenses: ? ?

? ? ? Total expenses ? Tax expenses ? ? ? Amount

in million ? ? 4993 ? ? ? ? ? 3764 ?

T.V. Today Network Limited Statement of Profit and Loss for the year ended March 31, 2015 Particulars ? ? Total revenue Expenses: ? ? ? ? ? Total expenses ? Tax expenses ? ? ? Amount in million ? ? 4993 ? ? ? ? ? 3764 ? ? ? ?

Step by Step Solution

3.45 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To fill out the profit and loss statement and balance sheet for TV Today Network provided in the images lets use the figures given in the problem Profit and Loss Statement for the year ended March 31 ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Financial Accounting Questions!