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Use the following information for questions –
Consider the following data pertaining to W Ltd. as on March 31, 2015
Share capital:
Issued, Subscribed Called-up 20,000 shares of Rs, 100 each) – 20,00,000
Calls in arrear – Rs. 10,000
Profit and loss account (Cr.) as on April 1,2014 – Rs. 67,000
Profit for the year – Rs. 1,90,610
The company wants to create a debenture Redemption Reserve and to transfer Rs.50,000 every year out of profits to redeem the debentures. The company declared 10% dividends.
Share capital:
Issued, Subscribed Called-up 20,000 shares of Rs, 100 each) – 20,00,000
Calls in arrear – Rs. 10,000
Profit and loss account (Cr.) as on April 1,2014 – Rs. 67,000
Profit for the year – Rs. 1,90,610
The company wants to create a debenture Redemption Reserve and to transfer Rs.50,000 every year out of profits to redeem the debentures. The company declared 10% dividends.
The balance of Surplus after effecting above transactions =
- a)Rs. 6,000
- b)Rs. 68,100
- c)Rs. 8,610
- d)Rs. 6,810
Correct answer is option 'C'. Can you explain this answer?
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Use the following information for questions –Consider the follow...
1-5:
The ABC Company has the following balance sheet:
Assets:
Cash $10,000
Accounts Receivable $20,000
Inventory $30,000
Equipment $50,000
Total Assets $110,000
Liabilities:
Accounts Payable $15,000
Notes Payable $25,000
Total Liabilities $40,000
Equity:
Common Stock $30,000
Retained Earnings $40,000
Total Equity $70,000
1. What is the total amount of liabilities and equity for ABC Company?
a. $40,000
b. $70,000
c. $110,000
d. $140,000
2. What is the total amount of assets for ABC Company?
a. $40,000
b. $70,000
c. $110,000
d. $140,000
3. What is the net income for ABC Company?
a. $10,000
b. $20,000
c. $30,000
d. $40,000
4. If ABC Company were to pay off all of its liabilities, how much equity would it have?
a. $30,000
b. $40,000
c. $70,000
d. $110,000
5. If ABC Company were to sell all of its assets and pay off all of its liabilities, how much equity would it have left?
a. $0
b. $30,000
c. $40,000
d. $70,000
The ABC Company has the following balance sheet:
Assets:
Cash $10,000
Accounts Receivable $20,000
Inventory $30,000
Equipment $50,000
Total Assets $110,000
Liabilities:
Accounts Payable $15,000
Notes Payable $25,000
Total Liabilities $40,000
Equity:
Common Stock $30,000
Retained Earnings $40,000
Total Equity $70,000
1. What is the total amount of liabilities and equity for ABC Company?
a. $40,000
b. $70,000
c. $110,000
d. $140,000
2. What is the total amount of assets for ABC Company?
a. $40,000
b. $70,000
c. $110,000
d. $140,000
3. What is the net income for ABC Company?
a. $10,000
b. $20,000
c. $30,000
d. $40,000
4. If ABC Company were to pay off all of its liabilities, how much equity would it have?
a. $30,000
b. $40,000
c. $70,000
d. $110,000
5. If ABC Company were to sell all of its assets and pay off all of its liabilities, how much equity would it have left?
a. $0
b. $30,000
c. $40,000
d. $70,000
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Use the following information for questions –Consider the following data pertaining to W Ltd. as on March 31, 2015Share capital:Issued,SubscribedCalled-up20,000 shares of Rs, 100 each) – 20,00,000Calls in arrear – Rs. 10,000Profitandlossaccount (Cr.) as on April 1,2014 – Rs. 67,000Profit for the year – Rs. 1,90,610The company wants to create a debentureRedemption Reserve and to transferRs.50,000 every year out of profits toredeem the debentures. The company declared 10% dividends.The balance of Surplus after effectingabove transactions =a)Rs. 6,000b)Rs. 68,100c)Rs. 8,610d)Rs. 6,810Correct answer is option 'C'. Can you explain this answer?
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Use the following information for questions –Consider the following data pertaining to W Ltd. as on March 31, 2015Share capital:Issued,SubscribedCalled-up20,000 shares of Rs, 100 each) – 20,00,000Calls in arrear – Rs. 10,000Profitandlossaccount (Cr.) as on April 1,2014 – Rs. 67,000Profit for the year – Rs. 1,90,610The company wants to create a debentureRedemption Reserve and to transferRs.50,000 every year out of profits toredeem the debentures. The company declared 10% dividends.The balance of Surplus after effectingabove transactions =a)Rs. 6,000b)Rs. 68,100c)Rs. 8,610d)Rs. 6,810Correct answer is option 'C'. 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 Use the following information for questions –Consider the following data pertaining to W Ltd. as on March 31, 2015Share capital:Issued,SubscribedCalled-up20,000 shares of Rs, 100 each) – 20,00,000Calls in arrear – Rs. 10,000Profitandlossaccount (Cr.) as on April 1,2014 – Rs. 67,000Profit for the year – Rs. 1,90,610The company wants to create a debentureRedemption Reserve and to transferRs.50,000 every year out of profits toredeem the debentures. The company declared 10% dividends.The balance of Surplus after effectingabove transactions =a)Rs. 6,000b)Rs. 68,100c)Rs. 8,610d)Rs. 6,810Correct answer is option 'C'. 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 Use the following information for questions –Consider the following data pertaining to W Ltd. as on March 31, 2015Share capital:Issued,SubscribedCalled-up20,000 shares of Rs, 100 each) – 20,00,000Calls in arrear – Rs. 10,000Profitandlossaccount (Cr.) as on April 1,2014 – Rs. 67,000Profit for the year – Rs. 1,90,610The company wants to create a debentureRedemption Reserve and to transferRs.50,000 every year out of profits toredeem the debentures. The company declared 10% dividends.The balance of Surplus after effectingabove transactions =a)Rs. 6,000b)Rs. 68,100c)Rs. 8,610d)Rs. 6,810Correct answer is option 'C'. Can you explain this answer?.
Use the following information for questions –Consider the following data pertaining to W Ltd. as on March 31, 2015Share capital:Issued,SubscribedCalled-up20,000 shares of Rs, 100 each) – 20,00,000Calls in arrear – Rs. 10,000Profitandlossaccount (Cr.) as on April 1,2014 – Rs. 67,000Profit for the year – Rs. 1,90,610The company wants to create a debentureRedemption Reserve and to transferRs.50,000 every year out of profits toredeem the debentures. The company declared 10% dividends.The balance of Surplus after effectingabove transactions =a)Rs. 6,000b)Rs. 68,100c)Rs. 8,610d)Rs. 6,810Correct answer is option 'C'. 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 Use the following information for questions –Consider the following data pertaining to W Ltd. as on March 31, 2015Share capital:Issued,SubscribedCalled-up20,000 shares of Rs, 100 each) – 20,00,000Calls in arrear – Rs. 10,000Profitandlossaccount (Cr.) as on April 1,2014 – Rs. 67,000Profit for the year – Rs. 1,90,610The company wants to create a debentureRedemption Reserve and to transferRs.50,000 every year out of profits toredeem the debentures. The company declared 10% dividends.The balance of Surplus after effectingabove transactions =a)Rs. 6,000b)Rs. 68,100c)Rs. 8,610d)Rs. 6,810Correct answer is option 'C'. 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 Use the following information for questions –Consider the following data pertaining to W Ltd. as on March 31, 2015Share capital:Issued,SubscribedCalled-up20,000 shares of Rs, 100 each) – 20,00,000Calls in arrear – Rs. 10,000Profitandlossaccount (Cr.) as on April 1,2014 – Rs. 67,000Profit for the year – Rs. 1,90,610The company wants to create a debentureRedemption Reserve and to transferRs.50,000 every year out of profits toredeem the debentures. The company declared 10% dividends.The balance of Surplus after effectingabove transactions =a)Rs. 6,000b)Rs. 68,100c)Rs. 8,610d)Rs. 6,810Correct answer is option 'C'. Can you explain this answer?.
Solutions for Use the following information for questions –Consider the following data pertaining to W Ltd. as on March 31, 2015Share capital:Issued,SubscribedCalled-up20,000 shares of Rs, 100 each) – 20,00,000Calls in arrear – Rs. 10,000Profitandlossaccount (Cr.) as on April 1,2014 – Rs. 67,000Profit for the year – Rs. 1,90,610The company wants to create a debentureRedemption Reserve and to transferRs.50,000 every year out of profits toredeem the debentures. The company declared 10% dividends.The balance of Surplus after effectingabove transactions =a)Rs. 6,000b)Rs. 68,100c)Rs. 8,610d)Rs. 6,810Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Here you can find the meaning of Use the following information for questions –Consider the following data pertaining to W Ltd. as on March 31, 2015Share capital:Issued,SubscribedCalled-up20,000 shares of Rs, 100 each) – 20,00,000Calls in arrear – Rs. 10,000Profitandlossaccount (Cr.) as on April 1,2014 – Rs. 67,000Profit for the year – Rs. 1,90,610The company wants to create a debentureRedemption Reserve and to transferRs.50,000 every year out of profits toredeem the debentures. The company declared 10% dividends.The balance of Surplus after effectingabove transactions =a)Rs. 6,000b)Rs. 68,100c)Rs. 8,610d)Rs. 6,810Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Use the following information for questions –Consider the following data pertaining to W Ltd. as on March 31, 2015Share capital:Issued,SubscribedCalled-up20,000 shares of Rs, 100 each) – 20,00,000Calls in arrear – Rs. 10,000Profitandlossaccount (Cr.) as on April 1,2014 – Rs. 67,000Profit for the year – Rs. 1,90,610The company wants to create a debentureRedemption Reserve and to transferRs.50,000 every year out of profits toredeem the debentures. The company declared 10% dividends.The balance of Surplus after effectingabove transactions =a)Rs. 6,000b)Rs. 68,100c)Rs. 8,610d)Rs. 6,810Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Use the following information for questions –Consider the following data pertaining to W Ltd. as on March 31, 2015Share capital:Issued,SubscribedCalled-up20,000 shares of Rs, 100 each) – 20,00,000Calls in arrear – Rs. 10,000Profitandlossaccount (Cr.) as on April 1,2014 – Rs. 67,000Profit for the year – Rs. 1,90,610The company wants to create a debentureRedemption Reserve and to transferRs.50,000 every year out of profits toredeem the debentures. The company declared 10% dividends.The balance of Surplus after effectingabove transactions =a)Rs. 6,000b)Rs. 68,100c)Rs. 8,610d)Rs. 6,810Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Use the following information for questions –Consider the following data pertaining to W Ltd. as on March 31, 2015Share capital:Issued,SubscribedCalled-up20,000 shares of Rs, 100 each) – 20,00,000Calls in arrear – Rs. 10,000Profitandlossaccount (Cr.) as on April 1,2014 – Rs. 67,000Profit for the year – Rs. 1,90,610The company wants to create a debentureRedemption Reserve and to transferRs.50,000 every year out of profits toredeem the debentures. The company declared 10% dividends.The balance of Surplus after effectingabove transactions =a)Rs. 6,000b)Rs. 68,100c)Rs. 8,610d)Rs. 6,810Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Use the following information for questions –Consider the following data pertaining to W Ltd. as on March 31, 2015Share capital:Issued,SubscribedCalled-up20,000 shares of Rs, 100 each) – 20,00,000Calls in arrear – Rs. 10,000Profitandlossaccount (Cr.) as on April 1,2014 – Rs. 67,000Profit for the year – Rs. 1,90,610The company wants to create a debentureRedemption Reserve and to transferRs.50,000 every year out of profits toredeem the debentures. The company declared 10% dividends.The balance of Surplus after effectingabove transactions =a)Rs. 6,000b)Rs. 68,100c)Rs. 8,610d)Rs. 6,810Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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