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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. 75,000
- b)Rs. 72,750
- c)Rs. 71,250
- d)Rs. 69,000
Correct answer is 'D'. Can you explain this answer?
Verified Answer
The following information pertains to X Ltd. :Equity share capital cal...
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).
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).
Most Upvoted Answer
The following information pertains to X Ltd. :Equity share capital cal...
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).
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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Community Answer
The following information pertains to X Ltd. :Equity share capital cal...
The dividends are payable at paid up capital and it does not affected by calls in advance or arrears
As per question-
share capital is ₹500000
and calls in arrears is ₹40000
By deducting arrears in share capital we get paid up capital
i.e- (500000-40000)=460000×15/100
= ₹69000 payable as dividends
As per question-
share capital is ₹500000
and calls in arrears is ₹40000
By deducting arrears in share capital we get paid up capital
i.e- (500000-40000)=460000×15/100
= ₹69000 payable as dividends
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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. 69,000Correct answer is 'D'. Can you explain this answer?
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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. 69,000Correct answer is 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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. 69,000Correct answer is 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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. 69,000Correct answer is 'D'. Can you explain this answer?.
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. 69,000Correct answer is 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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. 69,000Correct answer is 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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. 69,000Correct answer is 'D'. Can you explain this answer?.
Solutions for 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. 69,000Correct answer is 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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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. 69,000Correct answer is 'D'. Can you explain this answer?, a detailed solution for 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. 69,000Correct answer is 'D'. Can you explain this answer? has been provided alongside types of 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. 69,000Correct answer is 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice 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. 69,000Correct answer is 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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