Can you explain the answer of this question below:The following information pertains to X Ltd. :Equity share capital called up - Rs. 5,00,000; Calls in arrear - Rs. 40,000; Calls in advance - Rs. 25,000; and Rate of dividend - 15% The amount of dividend payable will be A:Rs. 75,000B:Rs. 72,750C:Rs. 71,250D:Rs. 69,000The answer is D.

Question

Answer

Reason Behind This : Proposed dividend is calculated on paid up capital

Called up capital = {Rs. 5,00,000 - 40,000} X 15% = 69000

Answer

Dividend percentage is calculated on paid up capital paid up capital= called up capital - calls in arrear = 500000 - 40000 = 460000 dividend payable = 460000 x 15% = 69000

Answer

Because Advance is not consider an Income

Answer

Shares 500000.....call  in arrears  40000....dividend only paid in paid up share capital sooo 500000-40000=460000×15/100= 69000

Answer

Correct answer. d

Answer

(500000-40000)×15%=69000

Answer

To calculate the amount of dividend payable for X Ltd., we need to consider the net called-up equity share capital, which is the called-up share capital minus calls in arrear plus calls in advance. Then, we can apply the rate of dividend to find the total dividend payable.

1. Calculate the net called-up equity share capital:
- Called-up equity share capital: Rs. 5,00,000
- Calls in arrear: Rs. 40,000
- Calls in advance: Rs. 25,000
Net called-up equity share capital = (Called-up equity share capital - Calls in arrear + Calls in advance)
= (5,00,000 - 40,000 + 25,000)
= Rs. 4,85,000

2. Calculate the dividend payable:
- Rate of dividend: 15%
Dividend payable = (Net called-up equity share capital * Rate of dividend) / 100
= (4,85,000 * 15) / 100
= Rs. 72,750

However, since there are calls in advance, we need to deduct the dividend paid on these shares:
Dividend paid on calls in advance = (Calls in advance * Rate of dividend) / 100
= (25,000 * 15) / 100
= Rs. 3,750

3. Calculate the final dividend payable:
Final dividend payable = Dividend payable - Dividend paid on calls in advance
= 72,750 - 3,750
= Rs. 69,000

So, the amount of dividend payable for X Ltd. is Rs. 69,000 (option d).

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