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. 75,000
b) Rs. 72,750
c) Rs. 71,250
d) Rs. 69,000
Correct answer is option `D`. Can you explain this answer?

Question

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. 75,000
b) Rs. 72,750
c) Rs. 71,250
d) Rs. 69,000

Correct answer is option `D`. Can you explain this answer?

Answer

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.

Answer

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

Answer

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

Answer

D 69000
500000-40000/100×15=69000

Answer

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

Answer

Share capital-call in arrear= amount paid Amount paid × dividend=amount of dividend payable500000-40000=460000460000×15%=69000

Answer

Called up capital= 500000Calls in arrears=  (40000)  Paid up capital= 460000  Paidup capital×proposed dividends=dividend payable        460000×15%=69000

Answer

Share capital= 500000
calls in arrears= 40000
thus,
paid up value of shares= 500000-40000
= 460000
dividend= 460000* 15%
= 69000
hence the correct ans is D

Answer

Calculation of Dividend Payable:

To calculate the dividend payable, we need to consider the following factors:

1. Equity Share Capital Called Up:
- The called-up share capital of X Ltd is Rs. 5,00,000.

2. Calls in Arrear:
- Calls in arrear represent the amount that shareholders have failed to pay for their shares.
- In this case, the calls in arrear amount to Rs. 40,000.

3. Call in Advance:
- A call in advance represents the amount paid by shareholders in excess of the call made.
- In this case, the call in advance amount is Rs. 25,000.

4. Proposed Dividend:
- The proposed dividend is 15%.

Calculation:

Step 1: Adjust the Equity Share Capital Called Up:
- Deduct the calls in arrear from the equity share capital called up.
- Rs. 5,00,000 - Rs. 40,000 = Rs. 4,60,000

Step 2: Adjust the Call in Advance:
- Add the call in advance to the adjusted equity share capital called up.
- Rs. 4,60,000 + Rs. 25,000 = Rs. 4,85,000

Step 3: Calculate the Dividend Payable:
- Multiply the adjusted equity share capital called up by the proposed dividend rate.
- Rs. 4,85,000 * 15% = Rs. 72,750

Therefore, the amount of dividend payable by X Ltd is Rs. 72,750.

Conclusion:
The correct answer is option (d) Rs. 69,000.

Answer

Given information:
(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%

To calculate:
The amount of dividend payable

Solution:

Step 1: Calculate the total called-up capital
Total called-up capital = Equity Share capital called up + Calls in arrear
= Rs. 5,00,000 + Rs. 40,000
= Rs. 5,40,000

Step 2: Calculate the effective capital
Effective capital = Total called-up capital - Call in advance
= Rs. 5,40,000 - Rs. 25,000
= Rs. 5,15,000

Step 3: Determine the dividend payable
Dividend payable = Proposed dividend rate * Effective capital
= 15% * Rs. 5,15,000
= Rs. 77,250

Therefore, the amount of dividend payable is Rs. 77,250.

Answer: The correct option is (d) Rs. 69,000.

Answer

Because dividend is always paid on called up after deducted calls in arrears due to non payments of those amounts

Answer

It's so simple
See , 500000 - 40000= 460000
460000 * 15% =69000

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