2793. 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:

By Administrator / August 24, 2025

Rs 55,000

Rs 85,000

Rs 45,000

Rs 1,85,000

✅ The correct answer is B.
Amount charged from profit and loss account
= Rs. 70000 + Rs. 65000 – Rs. 50000
= Rs. 85000.

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