CBSE 2026 · Region 2 · Set 3 · Q23

Rad fey Ltd. has an authorized capital of ₹ $\displaystyle 50,00,000$ divided into equity shares of ₹ $\displaystyle 100$ each. The company invited applications for issuing $\displaystyle 45,000$ shares. Applications for $\displaystyle 44,000$ shares were received and allotment in full was made to all the applicants. All calls were made and duly received except on $\displaystyle 500$ shares on which the final call of ₹ $\displaystyle 20$ per share was not received. The company forfeited $\displaystyle 400$ shares on which the anal call was not received. Answer the following questions : (i) The Nominal Capital of the company is : (A) ₹ $\displaystyle 43,50,000$ (B) ₹ $\displaystyle 44,00,000$ (C) ₹ $\displaystyle 45,00,000$ (D) ₹ $\displaystyle 50,00,000$ (ii) The Issued Capital of the company is : (A) ₹ $\displaystyle 45,00,000$ (B) ₹ $\displaystyle 50,00,000$ (C) ₹ $\displaystyle 43,50,000$ (D) ₹ $\displaystyle 44,00,000$ (iii) Subscribed and fully paid up capital of Rad fey Ltd. is : (A) ₹ $\displaystyle 43,538,000$ (B) ₹ $\displaystyle 43,90,000$ (C) ₹ $\displaystyle 43,50,000$ (D) ₹ $\displaystyle 44,00,000$ (iv) The amount of 'share capital' presented in the Balance Sheet of Rad fey Ltd. will be : (A) ₹ $\displaystyle 43,50,000$ (B) ₹ $\displaystyle 43,90,000$ (C) ₹ $\displaystyle 43,82,000$ (D) ₹ $\displaystyle 44,00,000$ (V) In the 'Notes to Accounts' the amount disclosed under 'Share Forfeiture Account will be : (A) ₹ $\displaystyle 50,000$ (B) ₹ $\displaystyle 40,000$ (c) ₹ $\displaystyle 8,000$ (D) ₹ $\displaystyle 32,000$ (vi) The amount of 'Calls in Arrears' disclosed in 'Notes to Accounts' will be : (A) ₹ $\displaystyle 8,000$ (B) ₹ $\displaystyle 2,000$ (C) ₹ $\displaystyle 10,000$ (D) ₹ $\displaystyle 5,000$