CBSE 2025 · Region 7 · Set 2 · Q26

Neera Ltd. is registered with an authorised capital of $\displaystyle 2,00,00,000$ divided into equity shares of t $\displaystyle 10$ each. The company invited applications for issuing $\displaystyle 2,00,000$ equity shares at a premium of $\displaystyle 2$ per share. Applications were received for $\displaystyle 1,95,000$ shares and allotment was made to all the applicants. All calls were made and duly received except the final call of $\displaystyle 2$ per share on $\displaystyle 5,000$ shares. The company forfeited these shares. Answer the following questions : (i) The amount of 'Share Capital' to be shown under the heading 'Shareholder's Funds' will be : (A) ₹ $\displaystyle 19,50,000$ (B) ₹ $\displaystyle 19,40,000$ (C) ₹ $\displaystyle 20,00,000$ (D) $\displaystyle 2,00,00,000$ (ii) 'Subscri ed but not fully paid capital' to be shown in 'Notes to Accounts' will be : (A) $\displaystyle 19,00,000$ (B) ₹ $\displaystyle 19,40,000$ (C) $\displaystyle 20,00,000$ (D) Nil (iii) The amount of 'Authorised Capital' to be shown in 'Notes to Accounts' will be : (A) $\displaystyle 20,00,000$ (B) ₹ $\displaystyle 2,00,00,000$ (C) ₹ $\displaystyle 19,50,000$ (D) ₹ $\displaystyle 19,40,000$ (iv) The amount of 'Issued Capital' to be shown in 'Notes to Accounts' will be : (A) $\displaystyle 20,00,000$ (B) ₹ $\displaystyle 9,50,000$ (C) ₹ $\displaystyle 1,00,00,000$ (D) ₹ $\displaystyle 9,40,000$ (v) The amount of 'Subscribed and fully paid share capital' to be shown in 'Notes to Accounts' will be : (A) $\displaystyle 19,50,000$ (B) ₹ $\displaystyle 19,40,000$ (C) ₹ $\displaystyle 19,00,000$ (D) $\displaystyle 1,90,000$ (vi) The amount of 'Share Forfeiture' shown in the 'Notes to Accounts' will be : (A) % $\displaystyle 10,000$ (B) $\displaystyle 40,000$ (C) ₹ $\displaystyle 5,000$ (D) ₹ $\displaystyle 50,000$