CBSE 2025 · Region 5 · Set 2 · Q26

ABC Ltd. was registered with authorised capital of ₹ $\displaystyle 1,00,00,000$ divided into $\displaystyle 10,00,000$ equity shares of t $\displaystyle 10$ each. On 1st April, $\displaystyle 2024$, the company offered to the public for subscription, $\displaystyle 1,00,000$ shares. Applications for $\displaystyle 99,000$ shares were received and allotment was made in full to all the applicants. A shareholder holding $\displaystyle 9,000$ shares failed to pay the final call of $\displaystyle 3$ per share. Answer the following questions : (i) The authorised capital of the company is : (A) ₹ $\displaystyle 10,00,000$ (B) ₹ $\displaystyle 9,90,000$ (C) $\displaystyle 1,00,00,000$ (D) ₹ $\displaystyle 99,45,000$ (ii) The issued capital of ABC Ltd. is : (A) ₹ $\displaystyle 1,00,000$ (B) ₹ $\displaystyle 99,000$ (C) $\displaystyle 94,500$ (D) $\displaystyle 10,00,000$ (iii) The amount of calls-in-arrears will be : (A) ₹ $\displaystyle 27,000$ (B) ₹ $\displaystyle 90,000$ (C) ₹ $\displaystyle 2,97,000$ (D) Nil (iv) The 'subscribed and fully paid up capital' of ABC Ltd. will be : (A) ₹ $\displaystyle 10,00,000$ (B) ₹ $\displaystyle 9,00,000$ (C) ₹ $\displaystyle 99,00,000$ (D) ₹ $\displaystyle 98,73,000$ (v) 'Subscribed but not fully paid up capital' of ABC Ltd. will be : (A) ₹ $\displaystyle 98,73,000$ (B) ₹ $\displaystyle 8,73,000$ (C) ₹ $\displaystyle 90,000$ (D) ₹ $\displaystyle 63,000$ (vi) The amount of 'Share Capital' presented is the Balance Sheet of ABC Ltd. will be : (A) ₹ $\displaystyle 9,63,000$ (B) ₹ $\displaystyle 98,73,000$ (C) ₹ $\displaystyle 9,90,000$ (D) ₹ $\displaystyle 1,00,00,000$