The following information has been obtained from the Balance Sheet of Jay Ltd. as at 31st March, 2024:
Balance Sheet of Jay Ltd. as at 31st March, 2024
| Particulars | Note No. | Amount (₹) |
|---|---|---|
| I Equity and Liabilities: 1 Shaeholdes' Funds (a) Share Capital |
1 |
71,80,000 |
Notes to Accounts:
| Note No. | Particulars | Amount (₹) |
Amount (₹) |
|---|---|---|---|
| 1 |
Authorised capital 1,00,000 Equity Shares of 100 each Issued capital 75,000 Equity Shares of 100 each Subscribed capital Subscribed and fully paid up 71,000 Equity Shares of 100 each |
|
1,00,00,000 |
| 75,00,000 |
|||
| 71,00,000 |
|||
| |
Subscribed but not fully paid up 1,000 Equity Shares of 100 each Less: Calls in Arrears |
1,00,000 (20,000) | 80,000 |
| 71,80,000 |
Answer the following questions:
1. The total number of shares offered to the public for subscription are:
- 71,000
- 70,400
- 70,000
- 75,000
2. The amount of unissued share capital of the company is:
- ₹25,00,000
- ₹29,00,000
- ₹29,60,000
- ₹20,32,000
3. The subscribed capital of the company is:
- ₹71,80,000
- ₹71,00,000
- ₹80,00,000
- ₹1,00,00,000
4. The registered capital of the company is:
- ₹71,80,000
- ₹80,00,000
- ₹1,00,00,000
- ₹71,00,000
5. The amount per share not received on the shares shown under ‘subscribed but not fully paid-up capital’ is:
(A) | ₹100 | (B) | ₹20 |
(C) | ₹1,000 | (D) | ₹80,000 |
6. If the shares shown under ‘subscribed but not fully paid-up capital’ are forfeited, ‘Share Forfeiture Account’ will appear at:
(A) | ₹20,000 | (B) | ₹80,000 |
(C) | ₹1,00,000 | (D) | ₹71,00,000 |
Marks-6, CBSE: 2024-25/Zone-6/Set-1/Q-26
Answer :
