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Mithas Limited was formed with share capital of ₹ 50,00,000 divided into 50,000 shares of ₹ 100 each. 9,000 shares were issued to the vendor as fully paid for purchase consideration of a furniture acquired. 30,000 shares were allotted in payment of cash on which ₹ 70 per share was called and paid. State the amount of subscribed capital.
- a)₹ 50,00,000
- b)₹ 30,50,000
- c)₹ 30,00,000
- d)₹ 20,00,000
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Mithas Limited was formed with share capital of 50,00,000 divided int...
Subscribed Capital of Mithas Limited
Given Information:
- Share capital of Mithas Limited = Rs. 50,00,000
- Share capital is divided into 50,000 shares of Rs. 100 each
- 9,000 shares were issued to the vendor as fully paid for purchase consideration of a furniture acquired
- 30,000 shares were allotted in payment of cash on which Rs. 70 per share was called and paid
To find out the subscribed capital of Mithas Limited, we need to understand the meaning of subscribed capital. Subscribed capital is the amount of authorized capital that shareholders agree to buy by purchasing shares of the company. In other words, it is the part of the authorized capital that has been subscribed or taken up by the shareholders.
Calculation of Subscribed Capital:
- Total number of shares issued = 9,000 + 30,000 = 39,000 shares
- Total amount of money received from the issuance of shares = (30,000 x Rs. 70) + (9,000 x Rs. 100) = Rs. 21,30,000
- Subscribed capital = Total number of shares issued x Face value per share = 39,000 x Rs. 100 = Rs. 39,00,000
However, not all of the subscribed capital has been paid up. The amount of money actually paid by the shareholders is called the paid-up capital. In this case, we are given that all the 30,000 shares that were issued for cash have been called and paid, which means that the paid-up capital is also Rs. 21,30,000.
Therefore, the amount of subscribed capital of Mithas Limited is Rs. 30,00,000 (39,000 shares x Rs. 100 per share) and the amount of paid-up capital is also Rs. 30,00,000 (30,000 shares x Rs. 70 per share). The correct answer is option (c) 30,00,000.
Given Information:
- Share capital of Mithas Limited = Rs. 50,00,000
- Share capital is divided into 50,000 shares of Rs. 100 each
- 9,000 shares were issued to the vendor as fully paid for purchase consideration of a furniture acquired
- 30,000 shares were allotted in payment of cash on which Rs. 70 per share was called and paid
To find out the subscribed capital of Mithas Limited, we need to understand the meaning of subscribed capital. Subscribed capital is the amount of authorized capital that shareholders agree to buy by purchasing shares of the company. In other words, it is the part of the authorized capital that has been subscribed or taken up by the shareholders.
Calculation of Subscribed Capital:
- Total number of shares issued = 9,000 + 30,000 = 39,000 shares
- Total amount of money received from the issuance of shares = (30,000 x Rs. 70) + (9,000 x Rs. 100) = Rs. 21,30,000
- Subscribed capital = Total number of shares issued x Face value per share = 39,000 x Rs. 100 = Rs. 39,00,000
However, not all of the subscribed capital has been paid up. The amount of money actually paid by the shareholders is called the paid-up capital. In this case, we are given that all the 30,000 shares that were issued for cash have been called and paid, which means that the paid-up capital is also Rs. 21,30,000.
Therefore, the amount of subscribed capital of Mithas Limited is Rs. 30,00,000 (39,000 shares x Rs. 100 per share) and the amount of paid-up capital is also Rs. 30,00,000 (30,000 shares x Rs. 70 per share). The correct answer is option (c) 30,00,000.
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Mithas Limited was formed with share capital of 50,00,000 divided int...
Subscribed capital = 30,000 x 100 = ₹ 30,00,000
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Mithas Limited was formed with share capital of 50,00,000 divided into 50,000 shares of 100 each. 9,000 shares were issued to the vendor as fully paid for purchase consideration of a furniture acquired. 30,000 shares were allotted in payment of cash on which 70 per share was called and paid. State the amount of subscribed capital.a) 50,00,000b) 30,50,000c) 30,00,000d) 20,00,000Correct answer is option 'C'. Can you explain this answer?
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Mithas Limited was formed with share capital of 50,00,000 divided into 50,000 shares of 100 each. 9,000 shares were issued to the vendor as fully paid for purchase consideration of a furniture acquired. 30,000 shares were allotted in payment of cash on which 70 per share was called and paid. State the amount of subscribed capital.a) 50,00,000b) 30,50,000c) 30,00,000d) 20,00,000Correct answer is option 'C'. Can you explain this answer? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Mithas Limited was formed with share capital of 50,00,000 divided into 50,000 shares of 100 each. 9,000 shares were issued to the vendor as fully paid for purchase consideration of a furniture acquired. 30,000 shares were allotted in payment of cash on which 70 per share was called and paid. State the amount of subscribed capital.a) 50,00,000b) 30,50,000c) 30,00,000d) 20,00,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mithas Limited was formed with share capital of 50,00,000 divided into 50,000 shares of 100 each. 9,000 shares were issued to the vendor as fully paid for purchase consideration of a furniture acquired. 30,000 shares were allotted in payment of cash on which 70 per share was called and paid. State the amount of subscribed capital.a) 50,00,000b) 30,50,000c) 30,00,000d) 20,00,000Correct answer is option 'C'. Can you explain this answer?.
Mithas Limited was formed with share capital of 50,00,000 divided into 50,000 shares of 100 each. 9,000 shares were issued to the vendor as fully paid for purchase consideration of a furniture acquired. 30,000 shares were allotted in payment of cash on which 70 per share was called and paid. State the amount of subscribed capital.a) 50,00,000b) 30,50,000c) 30,00,000d) 20,00,000Correct answer is option 'C'. Can you explain this answer? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Mithas Limited was formed with share capital of 50,00,000 divided into 50,000 shares of 100 each. 9,000 shares were issued to the vendor as fully paid for purchase consideration of a furniture acquired. 30,000 shares were allotted in payment of cash on which 70 per share was called and paid. State the amount of subscribed capital.a) 50,00,000b) 30,50,000c) 30,00,000d) 20,00,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mithas Limited was formed with share capital of 50,00,000 divided into 50,000 shares of 100 each. 9,000 shares were issued to the vendor as fully paid for purchase consideration of a furniture acquired. 30,000 shares were allotted in payment of cash on which 70 per share was called and paid. State the amount of subscribed capital.a) 50,00,000b) 30,50,000c) 30,00,000d) 20,00,000Correct answer is option 'C'. Can you explain this answer?.
Solutions for Mithas Limited was formed with share capital of 50,00,000 divided into 50,000 shares of 100 each. 9,000 shares were issued to the vendor as fully paid for purchase consideration of a furniture acquired. 30,000 shares were allotted in payment of cash on which 70 per share was called and paid. State the amount of subscribed capital.a) 50,00,000b) 30,50,000c) 30,00,000d) 20,00,000Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12.
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ample number of questions to practice Mithas Limited was formed with share capital of 50,00,000 divided into 50,000 shares of 100 each. 9,000 shares were issued to the vendor as fully paid for purchase consideration of a furniture acquired. 30,000 shares were allotted in payment of cash on which 70 per share was called and paid. State the amount of subscribed capital.a) 50,00,000b) 30,50,000c) 30,00,000d) 20,00,000Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Class 12 tests.
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