CBSE 2026 · Region 2 · Set 2 · Q23

Suvasita Ltd. has an authorized capital of ₹ $\displaystyle 40,00,000$ divided into equity shares of ₹ $\displaystyle 100$ each. The company invited applications for $\displaystyle 36,000$ shares. Applications for $\displaystyle 35,000$ shares were received and shares were allotted in full to all the applicants. All calls were made and were duly received except on $\displaystyle 400$ shares on which the final call of ₹ $\displaystyle 20$ per share was not received. The company forfeited $\displaystyle 300$ of these shares on which final call was not received. Answer the following questions : (i) The nominal capital of the company is : (A) ₹ $\displaystyle 36,00,000$ (B) ₹ $\displaystyle 35,00,000$ (C) ₹ $\displaystyle 40,00,000$ (D) ₹ $\displaystyle 34,60,000$ (ii) The issued capital of the company is : (A) ₹ $\displaystyle 40,00,000$ (B) ₹ $\displaystyle 36,00,000$ (C) ₹ $\displaystyle 34,60,000$ (D) ₹ $\displaystyle 35,00,000$ (iii) Subscribed and fully paid up capital of Suvasita Ltd. is : (A) ₹ $\displaystyle 34,60,000$ (B) ₹ $\displaystyle 35,00,000$ (C) ₹ $\displaystyle 36,00,000$ (D) ₹ $\displaystyle 40,00,000$ (iv) The amount of 'share capital' presented in the Balance Sheet of Suvasita Ltd. will be : (A) ₹ $\displaystyle 35,00,000$ (B) ₹ $\displaystyle 34,650,000$ (C) ₹ $\displaystyle 34,68,000$ (D) ₹ $\displaystyle 34,92,000$ (v) In the 'Notes to Accounts', the amount disclosed under 'Share Forfeiture Account' will be : (A) ₹ $\displaystyle 6,000$ (B) ₹ $\displaystyle 24,000$ (C) ₹ $\displaystyle 30,000$ (D) ₹ $\displaystyle 32,000$ (vi) The amount of 'Calls in Arrears' disclosed in 'Notes to Accounts' will be : (A) ₹ $\displaystyle 6,000$ (B) ₹ $\displaystyle 10,000$ (c) ₹ $\displaystyle 2,000$ (D) ₹ $\displaystyle 8,000$