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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 Issued Capital?
- a)Rs 1,00,00,000
- b)Rs 90,00,000
- c)Rs 85,00,000
- d)Rs 68,00,000
Correct answer is option 'B'. Can you explain this answer?
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B Ltd. was registered with a share capital of Rs 1,00,00,000 divided i...
Calculation of Issued Capital of B Ltd.
Given Information:
- Share capital of B Ltd. = Rs 1,00,00,000
- Share capital is divided into equity shares of Rs 10 each
- B Ltd. issued 9,00,000 equity shares to the general public at par
- The amount payable on shares is Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls
- Public subscribed for 8,50,000 shares
- Till 31st March, 2006, only first call had been made
- All shareholders except Mr. C with 25,000 shares had paid up the first call money
Calculation:
- Total amount of share capital = Rs 1,00,00,000
- Number of equity shares issued to the public = 8,50,000
- Face value of each equity share = Rs 10
- Total amount collected on issue of shares = 8,50,000 x Rs 10 = Rs 85,00,000
- Amount payable on each share = Rs 3 on application + Rs 3 on allotment + Rs 2 on first call = Rs 8
- Total amount payable on 8,50,000 shares = 8,50,000 x Rs 8 = Rs 68,00,000
- Amount paid up by all shareholders except Mr. C = 8,49,975 x Rs 8 = Rs 67,99,800
- Amount not paid up by Mr. C = 25,000 x Rs 8 = Rs 2,00,000
Therefore, the Issued Capital of B Ltd. is Rs 90,00,000 (Rs 85,00,000 + Rs 5,00,000).
Given Information:
- Share capital of B Ltd. = Rs 1,00,00,000
- Share capital is divided into equity shares of Rs 10 each
- B Ltd. issued 9,00,000 equity shares to the general public at par
- The amount payable on shares is Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls
- Public subscribed for 8,50,000 shares
- Till 31st March, 2006, only first call had been made
- All shareholders except Mr. C with 25,000 shares had paid up the first call money
Calculation:
- Total amount of share capital = Rs 1,00,00,000
- Number of equity shares issued to the public = 8,50,000
- Face value of each equity share = Rs 10
- Total amount collected on issue of shares = 8,50,000 x Rs 10 = Rs 85,00,000
- Amount payable on each share = Rs 3 on application + Rs 3 on allotment + Rs 2 on first call = Rs 8
- Total amount payable on 8,50,000 shares = 8,50,000 x Rs 8 = Rs 68,00,000
- Amount paid up by all shareholders except Mr. C = 8,49,975 x Rs 8 = Rs 67,99,800
- Amount not paid up by Mr. C = 25,000 x Rs 8 = Rs 2,00,000
Therefore, the Issued Capital of B Ltd. is Rs 90,00,000 (Rs 85,00,000 + Rs 5,00,000).
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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 Issued Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 68,00,000Correct answer is option 'B'. Can you explain this answer?
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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 Issued Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 68,00,000Correct answer is option 'B'. 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 Issued Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 68,00,000Correct answer is option 'B'. 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 Issued Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 68,00,000Correct answer is option 'B'. 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 Issued Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 68,00,000Correct answer is option 'B'. 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 Issued Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 68,00,000Correct answer is option 'B'. 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 Issued Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 68,00,000Correct answer is option 'B'. 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 Issued Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 68,00,000Correct answer is option 'B'. 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 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 Issued Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 68,00,000Correct answer is option 'B'. 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 Issued Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 68,00,000Correct answer is option 'B'. 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 Issued Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 68,00,000Correct answer is option 'B'. 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 Issued Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 68,00,000Correct answer is option 'B'. 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 Issued Capital?a)Rs 1,00,00,000b)Rs 90,00,000c)Rs 85,00,000d)Rs 68,00,000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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