CBSE 2026 · Region 1 · Set 3 · Q25

Dharma Ltd. was registered with an authorised capital of ₹ $\displaystyle 30,00,000$ divided into $\displaystyle 3,00,000$ equity shares of ₹ $\displaystyle 10$ each. The amount was payable as follows : On Application - ₹ $\displaystyle 2$ per share On Allotment - $\displaystyle 5$ $\displaystyle 5$ per share On First and Final Call - Balance The company offered $\displaystyle 90,000$ shares for public subscription. A11 the shares were subscribed and the company received all the money due, except allotment and call money on $\displaystyle 4,000$ shares held by Aditi and call money on $\displaystyle 3,000$ shares held by Rohit. The directors forfeited shares of Aditi and Rohit. Answer the following questions on the basis of above information : (i) The nominal capital of Dharma Ltd. is : (A) ₹ $\displaystyle 30,00,000$ (B) ₹ $\displaystyle 3,00,000$ (C) $\displaystyle 5$ &$\displaystyle 00,000$ (D) ₹ $\displaystyle 33,00,000$ (ii) The issued capital of the company is : (A) ₹ $\displaystyle 3,00,000$ (B) ₹ $\displaystyle 30,00,000$ (C) ₹ $\displaystyle 9,00,000$ (D) $\displaystyle 33,00,000$ (iii) Subscribed and fully paid capital of Dharma Ltd. will be : (A) ₹ $\displaystyle 9,00,000$ (B) ₹ $\displaystyle 8,30,000$ (C) ₹ $\displaystyle 8,56,000$ (D) Nil (iv) The amount of 'Share Capital' presented in the Balance sheet of Dharma Ltd. under 'Shareholders Funds' will be : (A) ₹ $\displaystyle 8,30,000$ (B) ₹ $\displaystyle 8,59,000$ (c) ₹ $\displaystyle 9,00,000$ (D) ₹ $\displaystyle 30,00,000$ (v) In the Notes to Accounts, the amount to be shown under 'Share Forfeiture Account' will be : (A) ₹ $\displaystyle 32,000$ (B) ₹ $\displaystyle 12,000$ (C) ₹ $\displaystyle 44,000$ (D) ₹ $\displaystyle 29,000$ (vi) Subscribed and not fully paid capital of Dharma Ltd. will be : (A) ₹ $\displaystyle 9,00,000$ (B) ₹ $\displaystyle 8,230,000$ (C) ₹ $\displaystyle 8,56,000$ (D) Nil