CBSE 2025 · Region 7 · Set 3 · Q26

Meera Ltd. is registered with an authorised capital of $\displaystyle 1,00,00,000$ divided into equity shares of $\displaystyle 10$ each. The company invited applications for issuing $\displaystyle 1,00,000$ equity shares at a premium of $\displaystyle 2$ per share. The amount was payable as follows : On application - z $\displaystyle 3$ per share On allotment _ $\displaystyle 3$ $\displaystyle 4$ per share (including premium) On first call - $\displaystyle 2$ $\displaystyle 2$ per share On second and final call _ $\displaystyle 2$ $\displaystyle 3$ per share Applications were received for $\displaystyle 95,000$ shares and allotment was made to all the applicants. All calls were made and duly received except the second and final call of $\displaystyle 1,000$ shares held by Tushar. Answer the following questions : (i) The amount of 'share capital' to be shown in the Balance Sheet under the head 'Shareholders' Funds' will be : (A) $\displaystyle 9,50,000$ (B) ₹ $\displaystyle 10,00,000$ (C) $\displaystyle 9,47,000$ (D) ₹ $\displaystyle 9,43,000$ (ii) The amount of 'Authorised Capital' shown in 'Notes to Accounts' will be : (A) ₹ $\displaystyle 10,00,000$ (B) ₹ $\displaystyle 9,50,000$ (C) ₹ $\displaystyle 9,40,000$ (D) ₹ $\displaystyle 1,00,00,000$ (iii) The amount of 'Issued Capital' shown in 'Notes to Accounts' will be : (A) $\displaystyle 10,00,000$ (B) ₹ $\displaystyle 1,00,00,000$ (C) ₹ $\displaystyle 1,00,000$ (D) ₹ $\displaystyle 9,50,000$ (iv) The amount of 'Subscribed and fully paid capital' shown in 'Notes to Accounts' will be : (A) $\displaystyle 9,47,000$ (B) ₹ $\displaystyle 9,40,000$ (C) % $\displaystyle 10,00,000$ (D) ₹ $\displaystyle 1,00,00,000$ (v) The amount of 'subscribed but not fully paid capital' shown in 'Notes to Accounts' will be : (A) $\displaystyle 9,40,000$ (B) ₹ $\displaystyle 10,000$ (C) ₹ $\displaystyle 9,50,000$ (D) ₹ $\displaystyle 7,000$ (vi) The amount of 'calls -in- arrears' will be shown under : (A) Authorised capital (B) Issued capital (C) Subscribed but not fully paid capital (D) Subscribed and fully paid capital