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Read the following Trial Balance and answer the questions that follow:
Capital 4,00,000
(40,000 Equity Shares ₹10 each)
Bills Receivables 90,000 -
16% Mortgage Loan - 1,70,000
Stores and Spares 1,15,000 -
Debtors 1,66,000 -
Plant and Machinery 2,90,000 -
Goodwill 40,000 -
Provision for Tax - 26,000
General Reserve - 1,30,000
Cash in hand 18,000 -
Calls in Arrears 2,000 -
Marketable Securities 5,000 -
Total 7,26,000 7,26,000
What is the amount of Share Capital to be shown in the Balance Sheet?
  • a)
    ₹3,98,000
  • b)
    ₹4,00,000
  • c)
    ₹2,000
  • d)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Read the following Trial Balance and answer the questions that follow...

Calculation of Share Capital:

To calculate the Share Capital that should be shown in the Balance Sheet, we need to consider the Capital as per the Trial Balance.

Given:
Capital (Equity Shares ₹10 each) = 4,00,000

Calculation:
Total number of Equity Shares = Capital / Face Value per share
Total number of Equity Shares = 4,00,000 / 10
Total number of Equity Shares = 40,000 shares

Amount of Share Capital:
Share Capital to be shown in the Balance Sheet = Total number of Equity Shares * Face Value per share
Share Capital = 40,000 * 10
Share Capital = ₹4,00,000

Therefore, the amount of Share Capital to be shown in the Balance Sheet is ₹3,98,000.
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Community Answer
Read the following Trial Balance and answer the questions that follow...
₹4,00,000 – ₹2,000 = ₹3,98,000
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Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000What is the amount of Share Capital to be shown in the Balance Sheet?a)₹3,98,000b)₹4,00,000c)₹2,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000What is the amount of Share Capital to be shown in the Balance Sheet?a)₹3,98,000b)₹4,00,000c)₹2,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000What is the amount of Share Capital to be shown in the Balance Sheet?a)₹3,98,000b)₹4,00,000c)₹2,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000What is the amount of Share Capital to be shown in the Balance Sheet?a)₹3,98,000b)₹4,00,000c)₹2,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000What is the amount of Share Capital to be shown in the Balance Sheet?a)₹3,98,000b)₹4,00,000c)₹2,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000What is the amount of Share Capital to be shown in the Balance Sheet?a)₹3,98,000b)₹4,00,000c)₹2,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000What is the amount of Share Capital to be shown in the Balance Sheet?a)₹3,98,000b)₹4,00,000c)₹2,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000What is the amount of Share Capital to be shown in the Balance Sheet?a)₹3,98,000b)₹4,00,000c)₹2,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000What is the amount of Share Capital to be shown in the Balance Sheet?a)₹3,98,000b)₹4,00,000c)₹2,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following Trial Balance and answer the questions that follow:Capital 4,00,000(40,000 Equity Shares ₹10 each)Bills Receivables 90,000 -16% Mortgage Loan - 1,70,000Stores and Spares 1,15,000 -Debtors 1,66,000 -Plant and Machinery 2,90,000 -Goodwill 40,000 -Provision for Tax - 26,000General Reserve - 1,30,000Cash in hand 18,000 -Calls in Arrears 2,000 -Marketable Securities 5,000 -Total 7,26,000 7,26,000What is the amount of Share Capital to be shown in the Balance Sheet?a)₹3,98,000b)₹4,00,000c)₹2,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Commerce tests.
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