The total number of shares offered to the public for subscription are:
The total number of shares offered to the public for subscription are:
Show Hint
- 71,000
- 70,400
- 70,000
- 75,000
The Correct Option is D
Solution and Explanation
The total number of shares offered to the public is called the issued share capital.
As per the Notes to Accounts, the issued capital is 75,000 equity shares of \(rupee\) 100 each.
It doesn’t matter how many of those were subscribed or paid-up — the issued figure is what was offered.
Hence, the correct answer is 75,000 shares.
The amount of unissued share capital of the company is:
The amount of unissued share capital of the company is:
₹ 25,00,000
₹29,00,000
₹29,60,000
₹20,32,000
The Correct Option is A
Solution and Explanation
Given:
- Authorised Capital = ₹1,00,00,000
- Issued Capital = ₹75,00,000
Formula:
Unissued Capital = Authorised Capital – Issued Capital
Calculation:
\[ \text{Unissued Capital} = ₹1,00,00,000 - ₹75,00,000 = ₹25,00,000 \]
Correct Answer: (A) ₹25,00,000
The subscribed capital of the company is:
The subscribed capital of the company is:
₹71,80,000
₹71,00,000
₹80,00,000
₹1,00,00,000
The Correct Option is A
Solution and Explanation
Subscribed Capital includes:
- Fully Paid Shares: 71,000 shares × ₹100 = ₹71,00,000
- Not Fully Paid Shares: 1,000 shares × ₹100 = ₹1,00,000
Total Subscribed Capital:
\[ ₹71,00,000 + ₹1,00,000 = ₹71,80,000 \]
The registered capital of the company is:
The registered capital of the company is:
₹71,80,000
₹80,00,000
₹1,00,00,000
₹71,00,000
The Correct Option is C
Solution and Explanation
Registered Capital is another name for Authorised Capital.
From the Notes to Accounts:
\[ \text{Authorised Capital} = 1,00,000 \text{ shares} \times ₹100 = ₹1,00,00,000 \]
The amount per share not received on the shares shown under ‘subscribed but not fully paid up capital’ is:
The amount per share not received on the shares shown under ‘subscribed but not fully paid up capital’ is:
₹100
₹20
₹1,000
₹80
The Correct Option is B
Solution and Explanation
Total unpaid amount = ₹20,000
Number of shares not fully paid = 1,000 shares
\[ \frac{₹20,000}{1,000} = ₹20 \text{ per share unpaid} \]
If the shares shown under ‘subscribed but not fully paid up capital’ are forfeited, ‘Share Forfeiture Account’ will appear at:
If the shares shown under ‘subscribed but not fully paid up capital’ are forfeited, ‘Share Forfeiture Account’ will appear at:
₹20,000
₹80,000
₹1,00,000
₹71,00,000
The Correct Option is B
Solution and Explanation
On forfeiture:
Share Capital A/c is debited with the face value: \[ 1,000 \times ₹100 = ₹1,00,000 \]
Calls in Arrears = ₹20,000 (amount not received)
Share Forfeiture A/c = ₹80,000 (amount already received)
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