2294. 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:

Rs 5,000
Rs 55,000
Rs 15,000
Rs 65,000
✅ The correct answer is C.
Profit earned during the year
= 5000 + 35000 – 25000
= Rs. 15000.

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