ABC Ltd. was registered with authorised capital of ₹1,00,00,000 divided into 10,00,000 equity shares of ₹10 each. On 1st April, 2024, the company offered to the public for subscription, 1,00,000 shares. Applications for 99,000 shares were received and allotment was made in full to all the applicants. A shareholder holding 9,000 shares failed to pay the final call of ₹3 per share.
Answer the following questions:
1. The authorised capital of the company is:
(A) | ₹10,00,000 | (B) | ₹9,90,000 |
(C) | ₹1,00,00,000 | (D) | ₹99,45,000 |
2. The issued capital of ABC Ltd. is :
(A) | ₹1,00,000 | (B) | ₹99,000 |
(C) | ₹94,500 | (D) | ₹10,00,000 |
3. The amount of calls-in-arrears will be:
(A) | ₹27,000 | (B) | ₹90,000 |
(C) | ₹2,97,000 | (D) | Nil |
4. The subscribed and fully paid up capital of ABC Ltd. will be
(A) | ₹10,00,000 | (B) | ₹9,00,000 |
(C) | ₹99,00,000 | (D) | ₹98,73,000 |
5. The subscribed but not fully paid up capital of ABC Ltd. will be
(A) | ₹98,73,000 | (B) | ₹8,73,000 |
(C) | ₹90,000 | (D) | ₹63,000 |
6. The amount of ‘Share Capital’ presented in the Balance Sheet of ABC Ltd. will be:
(A) | ₹9,63,000 | (B) | ₹98,73,000 |
(C) | ₹9,90,000 | (D) | ₹1,00,00,000 |
Marks-6, CBSE: 2024-25/Zone-5/Set-1/Q-26
Answer :
