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Followings are the information related to Great Ltd.:
(i) Equity share capital called up Rs. 3,00,000, (ii) Call-in advance Rs. 10,000, (iii) Call in arrears Rs. 15,000 and (iv) Proposed dividend 20%. The amount of dividend payable by Great Ltd. will be:
  • a)
    Rs. 57,000
  • b)
    Rs. 59,000.
  • c)
    Rs. 60,000.
  • d)
    Rs. 58,000.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Followings are the information related to Great Ltd.:(i) Equity share ...
Called share cap is 3 lakh so see carefully its called up means company had called for this amount and from which 15000 are arrears so company should pay devidend on 3lakh- 15k i.e. 285k and 20% of 285k is 57000.
note the point that don't less advance because they gave only called up they didn't say that they receive 3lakh question is clearly saying that company called 3lakh. it means that advance is not included in this amount
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Followings are the information related to Great Ltd.:(i) Equity share ...
Calculation of Dividend Payable by Great Ltd.
- The equity share capital called up is Rs. 3,00,000.
- Call-in advance is Rs. 10,000.
- Call in arrears is Rs. 15,000.
- Proposed dividend is 20% of the equity share capital called up.

Calculation:
- Total equity share capital called up = Rs. 3,00,000
- Total calls received = Rs. 3,00,000 - Rs. 15,000 (call in arrears) = Rs. 2,85,000
- Total dividend payable = 20% of Rs. 2,85,000 = Rs. 57,000
Therefore, the amount of dividend payable by Great Ltd. will be Rs. 57,000.
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Followings are the information related to Great Ltd.:(i) Equity share capital called up Rs. 3,00,000, (ii) Call-in advance Rs. 10,000, (iii) Call in arrears Rs. 15,000 and (iv) Proposed dividend 20%. The amount of dividend payable by Great Ltd. will be:a)Rs. 57,000b)Rs. 59,000.c)Rs. 60,000.d)Rs. 58,000.Correct answer is option 'A'. Can you explain this answer?
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Followings are the information related to Great Ltd.:(i) Equity share capital called up Rs. 3,00,000, (ii) Call-in advance Rs. 10,000, (iii) Call in arrears Rs. 15,000 and (iv) Proposed dividend 20%. The amount of dividend payable by Great Ltd. will be:a)Rs. 57,000b)Rs. 59,000.c)Rs. 60,000.d)Rs. 58,000.Correct answer is option 'A'. Can you explain this answer? for CA CPT 2025 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Followings are the information related to Great Ltd.:(i) Equity share capital called up Rs. 3,00,000, (ii) Call-in advance Rs. 10,000, (iii) Call in arrears Rs. 15,000 and (iv) Proposed dividend 20%. The amount of dividend payable by Great Ltd. will be:a)Rs. 57,000b)Rs. 59,000.c)Rs. 60,000.d)Rs. 58,000.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA CPT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Followings are the information related to Great Ltd.:(i) Equity share capital called up Rs. 3,00,000, (ii) Call-in advance Rs. 10,000, (iii) Call in arrears Rs. 15,000 and (iv) Proposed dividend 20%. The amount of dividend payable by Great Ltd. will be:a)Rs. 57,000b)Rs. 59,000.c)Rs. 60,000.d)Rs. 58,000.Correct answer is option 'A'. Can you explain this answer?.
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