CA Foundation Exam > CA Foundation Questions > B Ltd. was registered with a share capital of...
Start Learning for Free
B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.
Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.
Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.
Q.How much is B Ltd.’s Paid Up Capital?
- a)Rs 1,00,00,000
- b)Rs 90,00,000
- c)Rs 85,00,000
- d)Rs 67,50,000
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
B Ltd. was registered with a share capital of Rs 1,00,00,000 divided i...
850000*6 +(850000-25000)*2= 6750000 , here 3+3 rs for application and Allotment paid by all 850000 but 2 rs for call paid only by (850000-25000) share holders .
Free Test
FREE
| Start Free Test |
Community Answer
B Ltd. was registered with a share capital of Rs 1,00,00,000 divided i...
Calculation of Paid Up Capital:
To calculate the paid-up capital of B Ltd., we need to consider the number of shares issued and the amount paid by the shareholders.
Number of Shares Issued:
B Ltd. issued 9,00,000 equity shares to the general public at par value of Rs 10 each. Therefore, the total number of shares issued is 9,00,000.
Amount Paid by Shareholders:
According to the given information, the shares were payable as follows:
- Rs 3 on application
- Rs 3 on allotment
- Balance in 2 equal calls
Out of the 9,00,000 shares issued, the public subscribed for 8,50,000 shares. This means that the total amount received on application and allotment is:
(8,50,000 shares * Rs 3 per share) + (8,50,000 shares * Rs 3 per share) = Rs 51,00,000
However, it is mentioned that till 31st March, 2006, only the first call had been made. Therefore, the total amount received on the first call is:
(8,50,000 shares * Rs 3 per share) = Rs 25,50,000
Unpaid Amount:
To calculate the unpaid amount, we need to subtract the amount paid by Mr. C (holder of 25,000 shares) from the total amount received on the first call:
Rs 25,50,000 - (25,000 shares * Rs 3 per share) = Rs 24,75,000
Paid Up Capital:
The paid-up capital is the total amount received on application and allotment minus the unpaid amount. Therefore, the paid-up capital of B Ltd. is:
Rs 51,00,000 - Rs 24,75,000 = Rs 26,25,000
Therefore, the correct answer is option 'D' - Rs 67,50,000.
To calculate the paid-up capital of B Ltd., we need to consider the number of shares issued and the amount paid by the shareholders.
Number of Shares Issued:
B Ltd. issued 9,00,000 equity shares to the general public at par value of Rs 10 each. Therefore, the total number of shares issued is 9,00,000.
Amount Paid by Shareholders:
According to the given information, the shares were payable as follows:
- Rs 3 on application
- Rs 3 on allotment
- Balance in 2 equal calls
Out of the 9,00,000 shares issued, the public subscribed for 8,50,000 shares. This means that the total amount received on application and allotment is:
(8,50,000 shares * Rs 3 per share) + (8,50,000 shares * Rs 3 per share) = Rs 51,00,000
However, it is mentioned that till 31st March, 2006, only the first call had been made. Therefore, the total amount received on the first call is:
(8,50,000 shares * Rs 3 per share) = Rs 25,50,000
Unpaid Amount:
To calculate the unpaid amount, we need to subtract the amount paid by Mr. C (holder of 25,000 shares) from the total amount received on the first call:
Rs 25,50,000 - (25,000 shares * Rs 3 per share) = Rs 24,75,000
Paid Up Capital:
The paid-up capital is the total amount received on application and allotment minus the unpaid amount. Therefore, the paid-up capital of B Ltd. is:
Rs 51,00,000 - Rs 24,75,000 = Rs 26,25,000
Therefore, the correct answer is option 'D' - Rs 67,50,000.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.Q.How much is B Ltd.’s Paid Up Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 67,50,000Correct answer is option 'D'. Can you explain this answer?
Question Description
B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.Q.How much is B Ltd.’s Paid Up Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 67,50,000Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.Q.How much is B Ltd.’s Paid Up Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 67,50,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.Q.How much is B Ltd.’s Paid Up Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 67,50,000Correct answer is option 'D'. Can you explain this answer?.
B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.Q.How much is B Ltd.’s Paid Up Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 67,50,000Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.Q.How much is B Ltd.’s Paid Up Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 67,50,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.Q.How much is B Ltd.’s Paid Up Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 67,50,000Correct answer is option 'D'. Can you explain this answer?.
Solutions for B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.Q.How much is B Ltd.’s Paid Up Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 67,50,000Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.Q.How much is B Ltd.’s Paid Up Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 67,50,000Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.Q.How much is B Ltd.’s Paid Up Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 67,50,000Correct answer is option 'D'. Can you explain this answer?, a detailed solution for B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.Q.How much is B Ltd.’s Paid Up Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 67,50,000Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.Q.How much is B Ltd.’s Paid Up Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 67,50,000Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.Q.How much is B Ltd.’s Paid Up Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 67,50,000Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup