HomeTestsSearchRankProfile
easyMCQCUET Accountancy 2023 29 May Shift 22026Accountancy
1 mark

Based on the following passage, answer questions from 41 to 45:A Ltd with an Authorised Capital of is divided into shares of each, issued shares at a premium of per share payable as follows:On Application: per shareOn Allotment: per share (including premium)On First and Final call: Balance amountApplications were received for shares and the directors allotted shares to all on a proportionate (pro-rata) basis. All money was received except the first and final call from Hari who had applied for shares. His shares were forfeited and later half of his forfeited shares were reissued at per share as fully paid up.Question: Identify the total number of shares with which A Ltd is registered.

  1. A
    Shares
  2. B
    Shares
  3. C
    Shares
  4. D
    Shares

Solution & Step-by-step Explanation

The registration value represents the Authorised Share Capital.


Practice this question

Try it yourself before checking the explanation above.

Based on the following passage, answer questions from 41 to 45:A Ltd with an Authorised Capital of is divided into shares of each, issued shares at a premium of per share payable as follows:On Application: per shareOn Allotment: per share (including premium)On First and Final call: Balance amountApplications were received for shares and the directors allotted shares to all on a proportionate (pro-rata) basis. All money was received except the first and final call from Hari who had applied for shares. His shares were forfeited and later half of his forfeited shares were reissued at per share as fully paid up.Question: Identify the total number of shares with which A Ltd is registered.
A
Shares
B
Shares
C
Shares
D
Shares

Share This Question

Related Questions

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Discussion