Class 12 Exam > Class 12 Questions > Question no.’s 39 to 41 are based on th...
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Question no.’s 39 to 41 are based on the hypothetical situation given below :
X Ltd issued 2,00,000 shares of ₹ 100 each. Amount to be paid on application ₹ 30 per share; on allotment ₹ 40 per share and on first & final call ₹ 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at ₹ 80 per share fully paid.
Which of amount the following will be called paid up share capital?
X Ltd issued 2,00,000 shares of ₹ 100 each. Amount to be paid on application ₹ 30 per share; on allotment ₹ 40 per share and on first & final call ₹ 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at ₹ 80 per share fully paid.
Which of amount the following will be called paid up share capital?
- a)₹1,96,00,000
- b)₹1,97,20,000
- c)₹2,00,00,000
- d)₹1,97,70,000
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
Question no.’s 39 to 41 are based on the hypothetical situation ...
Paid Up Capital = Subscribed Capital – Forfeited Shares
= ₹ 2,00,00,000 – (4,000 × ₹ 100)
= ₹ 1,96,00,000
= ₹ 2,00,00,000 – (4,000 × ₹ 100)
= ₹ 1,96,00,000
Most Upvoted Answer
Question no.’s 39 to 41 are based on the hypothetical situation ...
Calculation of Paid-up Share Capital
1. Initial Issue of Shares:
- Total number of shares issued = 2,00,000
- Nominal value per share = 100
- Total nominal value of shares issued = 2,00,000 * 100 = 2,00,00,000
2. Forfeiture of Shares:
- Number of shares forfeited = 9,000
- Amount unpaid on each forfeited share = Allotment (40) + First & Final Call (30) = 70
- Total amount forfeited = 9,000 * 70 = 6,30,000
3. Re-issuance of Shares:
- Number of shares re-issued = 5,000
- Re-issuance price per share = 80
- Total amount received from re-issuance = 5,000 * 80 = 4,00,000
4. Calculation of Paid-up Share Capital:
- Paid-up Share Capital = Total nominal value of shares issued - Total amount forfeited + Total amount received from re-issuance
- Paid-up Share Capital = 2,00,00,000 - 6,30,000 + 4,00,000
- Paid-up Share Capital = 1,96,00,000
Therefore, the correct amount of Paid-up Share Capital is 1,96,00,000.
1. Initial Issue of Shares:
- Total number of shares issued = 2,00,000
- Nominal value per share = 100
- Total nominal value of shares issued = 2,00,000 * 100 = 2,00,00,000
2. Forfeiture of Shares:
- Number of shares forfeited = 9,000
- Amount unpaid on each forfeited share = Allotment (40) + First & Final Call (30) = 70
- Total amount forfeited = 9,000 * 70 = 6,30,000
3. Re-issuance of Shares:
- Number of shares re-issued = 5,000
- Re-issuance price per share = 80
- Total amount received from re-issuance = 5,000 * 80 = 4,00,000
4. Calculation of Paid-up Share Capital:
- Paid-up Share Capital = Total nominal value of shares issued - Total amount forfeited + Total amount received from re-issuance
- Paid-up Share Capital = 2,00,00,000 - 6,30,000 + 4,00,000
- Paid-up Share Capital = 1,96,00,000
Therefore, the correct amount of Paid-up Share Capital is 1,96,00,000.
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Question no.’s 39 to 41 are based on the hypothetical situation given below :X Ltd issued 2,00,000 shares of 100 each. Amount to be paid on application 30 per share; on allotment 40 per share and on first & final call 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at 80 per share fully paid.Which of amount the following will be called paid up share capital?a)1,96,00,000b)1,97,20,000c)2,00,00,000d)1,97,70,000Correct answer is option 'A'. Can you explain this answer?
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Question no.’s 39 to 41 are based on the hypothetical situation given below :X Ltd issued 2,00,000 shares of 100 each. Amount to be paid on application 30 per share; on allotment 40 per share and on first & final call 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at 80 per share fully paid.Which of amount the following will be called paid up share capital?a)1,96,00,000b)1,97,20,000c)2,00,00,000d)1,97,70,000Correct answer is option 'A'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Question no.’s 39 to 41 are based on the hypothetical situation given below :X Ltd issued 2,00,000 shares of 100 each. Amount to be paid on application 30 per share; on allotment 40 per share and on first & final call 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at 80 per share fully paid.Which of amount the following will be called paid up share capital?a)1,96,00,000b)1,97,20,000c)2,00,00,000d)1,97,70,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Question no.’s 39 to 41 are based on the hypothetical situation given below :X Ltd issued 2,00,000 shares of 100 each. Amount to be paid on application 30 per share; on allotment 40 per share and on first & final call 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at 80 per share fully paid.Which of amount the following will be called paid up share capital?a)1,96,00,000b)1,97,20,000c)2,00,00,000d)1,97,70,000Correct answer is option 'A'. Can you explain this answer?.
Question no.’s 39 to 41 are based on the hypothetical situation given below :X Ltd issued 2,00,000 shares of 100 each. Amount to be paid on application 30 per share; on allotment 40 per share and on first & final call 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at 80 per share fully paid.Which of amount the following will be called paid up share capital?a)1,96,00,000b)1,97,20,000c)2,00,00,000d)1,97,70,000Correct answer is option 'A'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Question no.’s 39 to 41 are based on the hypothetical situation given below :X Ltd issued 2,00,000 shares of 100 each. Amount to be paid on application 30 per share; on allotment 40 per share and on first & final call 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at 80 per share fully paid.Which of amount the following will be called paid up share capital?a)1,96,00,000b)1,97,20,000c)2,00,00,000d)1,97,70,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Question no.’s 39 to 41 are based on the hypothetical situation given below :X Ltd issued 2,00,000 shares of 100 each. Amount to be paid on application 30 per share; on allotment 40 per share and on first & final call 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at 80 per share fully paid.Which of amount the following will be called paid up share capital?a)1,96,00,000b)1,97,20,000c)2,00,00,000d)1,97,70,000Correct answer is option 'A'. Can you explain this answer?.
Solutions for Question no.’s 39 to 41 are based on the hypothetical situation given below :X Ltd issued 2,00,000 shares of 100 each. Amount to be paid on application 30 per share; on allotment 40 per share and on first & final call 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at 80 per share fully paid.Which of amount the following will be called paid up share capital?a)1,96,00,000b)1,97,20,000c)2,00,00,000d)1,97,70,000Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12.
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Here you can find the meaning of Question no.’s 39 to 41 are based on the hypothetical situation given below :X Ltd issued 2,00,000 shares of 100 each. Amount to be paid on application 30 per share; on allotment 40 per share and on first & final call 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at 80 per share fully paid.Which of amount the following will be called paid up share capital?a)1,96,00,000b)1,97,20,000c)2,00,00,000d)1,97,70,000Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Question no.’s 39 to 41 are based on the hypothetical situation given below :X Ltd issued 2,00,000 shares of 100 each. Amount to be paid on application 30 per share; on allotment 40 per share and on first & final call 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at 80 per share fully paid.Which of amount the following will be called paid up share capital?a)1,96,00,000b)1,97,20,000c)2,00,00,000d)1,97,70,000Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Question no.’s 39 to 41 are based on the hypothetical situation given below :X Ltd issued 2,00,000 shares of 100 each. Amount to be paid on application 30 per share; on allotment 40 per share and on first & final call 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at 80 per share fully paid.Which of amount the following will be called paid up share capital?a)1,96,00,000b)1,97,20,000c)2,00,00,000d)1,97,70,000Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Question no.’s 39 to 41 are based on the hypothetical situation given below :X Ltd issued 2,00,000 shares of 100 each. Amount to be paid on application 30 per share; on allotment 40 per share and on first & final call 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at 80 per share fully paid.Which of amount the following will be called paid up share capital?a)1,96,00,000b)1,97,20,000c)2,00,00,000d)1,97,70,000Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Question no.’s 39 to 41 are based on the hypothetical situation given below :X Ltd issued 2,00,000 shares of 100 each. Amount to be paid on application 30 per share; on allotment 40 per share and on first & final call 30 per share. All money was duly subscribed and paid towards the nominal value of shares except on 9,000 shares who failed to pay allotment and calls money. These shares were forfeited. 5,000 shares were re-issued at 80 per share fully paid.Which of amount the following will be called paid up share capital?a)1,96,00,000b)1,97,20,000c)2,00,00,000d)1,97,70,000Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Class 12 tests.
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