CBSE 2025 · Region 6 · Set 3 · Q24

The following information has been obtained from the Balance Sheet of Jay Ltd. as at 31st March, $\displaystyle 2024$ : Balance Sheet of Jay Ltd. as at 31st March, $\displaystyle 2024$ Note Amount Particulars No. ( ) I Equity and Liabilities : $\displaystyle 1$ Shareholders' Funds (a) Share Capital $\displaystyle 1$ $\displaystyle 71,80,000$ Notes to Accounts : Amount Amount Note Particulars No. ( ) ( ) $\displaystyle 1$ Authorised capital $\displaystyle 1,00,000$ Equity Shares of $\displaystyle 100$ each $\displaystyle 1,00,00,000$ Issued capital $\displaystyle 75,000$ Equity Shares of $\displaystyle 100$ each $\displaystyle 75,00,000$ Subscribed capital Subscribed and fully paid up $\displaystyle 71,000$ Equity Shares of T $\displaystyle 100$ each $\displaystyle 71,00,000$ Subscribed but not fully paid up $\displaystyle 1,000$ Equity Shares of $\displaystyle 100$ each $\displaystyle 1,00,000$ Less : Calls in Arrears $\displaystyle (20,000)$ $\displaystyle 80,000$ $\displaystyle 71,80,000$ Answer the following questions : (i) The total number of shares offered to the public for subscription are : (A) $\displaystyle 71,000$ (B) $\displaystyle 70,400$ (C) $\displaystyle 70,000$ (D) $\displaystyle 75,000$ (ii) The amount of unissued share capital of the company is : (A) $\displaystyle 25,00,000$ (B) ₹ $\displaystyle 29,00,000$ (C) ₹ $\displaystyle 29,60,000$ (D) ₹ $\displaystyle 20,32,000$ (iii) The subscribed capital of the company is : (A) $\displaystyle 71,80,000$ (B) $\displaystyle 71,00,000$ (C) ₹ $\displaystyle 80,00,000$ (D) ₹ $\displaystyle 1,00,00,000$ (iv) The registered capital of the company is : (A) ₹ $\displaystyle 71,80,000$ (B) ₹ $\displaystyle 80,00,000$ (C) $\displaystyle 1,00,00,000$ (D) ₹ $\displaystyle 71,00,000$ (v) The amount per share not received on the shares shown under 'subscribed but not fully paid up capital' is : (A) f $\displaystyle 100$ (B) T $\displaystyle 20$ (C) $\displaystyle 1,000$ (D) ₹ $\displaystyle 80,000$ (vi) If the shares shown under 'subscribed but not fully paid up capital' are forfeited, 'Share Forfeiture Account' will appear at : (A) ₹ $\displaystyle 20,000$ (B) ₹ $\displaystyle 80,000$ (C) ₹ $\displaystyle 1,00,000$ (D) % $\displaystyle 71,00,000$