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# The following information pertains to X Ltd.:(i) Equity Share capital called up Rs. 5,00,000 (ii) Calls in arrear Rs. 40,000(iii) Call in advance Rs. 25,000(iv) Proposed dividend 15%The amount of dividend payable is: a) Rs. 75,000b) Rs. 72,750c) Rs. 71,250d) Rs. 69,000Correct answer is option `D`. Can you explain this answer?

## CA Foundation Question

By Abhinav Singh · Dec 05, 2018 ·CA Foundation
5 Answers
Khushbu answered Sep 09, 2018
Dividend is allow when year is end. dividend is given upon such share which money is made. calls in advance means which money is made in advance. it is treated as made. and calls in arrears means which money that is not given by public to company. 25000 rs. is a part of 5,00,000rs. it is not different from it. and 40000 is also a part of 5,00,000rs. .dividend is only given on which money is receive from people. so, 500000 - 40000 =460000460000× 15% = 69000.

Swarnim Sharma answered Jun 07, 2018
Simple is the explanation. see,dividend is payable on the received amount related to the current year. for calculating dividend we have to subtract the calls in arrear from the called up capital. so,(5,00,000-40,000)×15/100=69,000

Dashvanth Kumar answered Dec 05, 2018
Dividend is not payable on calls in advance and calls in arrears, the called up capital was 5 lacs and we have to less the calls in arrears 40000 for the purpose of calculating the dividend therefore the amount of dividend will be 500000-40000=460000×15%=69000 here we should not subtract the calls in advance because it is not included in the 5 lacs as it was not paid up capital it is called up capital

Janani Janani answered Dec 15, 2018
Share capital-call in arrear= amount paid Amount paid × dividend=amount of dividend payable500000-40000=460000460000×15%=69000

Priya Ranjni answered Dec 15, 2018
Called up capital= 500000Calls in arrears= (40000) Paid up capital= 460000 Paidup capital×proposed dividends=dividend payable 460000×15%=69000

This discussion on The following information pertains to X Ltd.:(i) Equity Share capital called up Rs. 5,00,000(ii) Calls in arrear Rs. 40,000(iii) Call in advance Rs. 25,000(iv) Proposed dividend 15%The amount of dividend payable is:a) Rs. 75,000b) Rs. 72,750c) Rs. 71,250d) Rs. 69,000Correct answer is option `D`. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of The following information pertains to X Ltd.:(i) Equity Share capital called up Rs. 5,00,000(ii) Calls in arrear Rs. 40,000(iii) Call in advance Rs. 25,000(iv) Proposed dividend 15%The amount of dividend payable is:a) Rs. 75,000b) Rs. 72,750c) Rs. 71,250d) Rs. 69,000Correct answer is option `D`. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like The following information pertains to X Ltd.:(i) Equity Share capital called up Rs. 5,00,000(ii) Calls in arrear Rs. 40,000(iii) Call in advance Rs. 25,000(iv) Proposed dividend 15%The amount of dividend payable is:a) Rs. 75,000b) Rs. 72,750c) Rs. 71,250d) Rs. 69,000Correct answer is option `D`. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.
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