Subscribed but not fully paid-up 4,000]
14. Fidasa Ltd. offered 64,000 equity shares of 100 each to the public at a premium of 20
per share. The amount was payable as 20 : On application; +40 (including premium): on
allotment and the balance on first and final call. 60,000 shares were subscribed by the public.
All the money was duly received except from a shareholder holding 8,000 shares, who failed
to pay the first and final call money. His shares were forfeited. Show 'Share Capital in the
Balance Sheet of Fidasa Ltd. Also, prepare 'Notes to Accounts'. (C.B.S.E. AI., 2017)
(Ans. Share Capital 55,20,000, Subscribed and Fully paid 52,00,000 + Forfeited Shares A/c
3,20,000.)
105
Answers
Answer:
Justin Bieber printed 12000 copies of his poster for $60000. He distributed 16.66% of the posters freely as specimen copy and sold 40% of the remaining posters at 20% discount. He sold the rest at 10% discount on $10 per copy. What is the overall gain or loss in the first’s issue of the poster, if the poster could not realize the income from advertisement or other sources?
Answer choices
Select only one optionJustin Bieber printed 12000 copies of his poster for $60000. He distributed 16.66% of the posters freely as specimen copy and sold 40% of the remaining posters at 20% discount. He sold the rest at 10% discount on $10 per copy. What is the overall gain or loss in the first’s issue of the poster, if the poster could not realize the income from advertisement or other sources?
Answer choices
Select only one option
27% loss
16.66% loss
54% profit
60% profitJustin Bieber printed 12000 copies of his poster for $60000. He distributed 16.66% of the posters freely as specimen copy and sold 40% of the remaining posters at 20% discount. He sold the rest at 10% discount on $10 per copy. What is the overall gain or loss in the first’s issue of the poster, if the poster could not realize the income from advertisement or other sources?
Answer choices
Select only one option
27% loss
16.66% loss
54% profit
Justin Bieber printed 12000 copies of his poster for $60000. He distributed 16.66% of the posters freely as specimen copy and sold 40% of the remaining posters at 20% discount. He sold the rest at 10% discount on $10 per copy. What is the overall gain or loss in the first’s issue of the poster, if the poster could not realize the income from advertisement or other sources?
Answer choices
Select only one option
27% loss
16.66% loss
54% profitJustin Bieber printed 12000 copies of his poster for $60000. He distributed 16.66% of the posters freely as specimen copy and sold 40% of the remaining posters at 20% discount. He sold the rest at 10% discount on $10 per copy. What is the overall gain or loss in the first’s issue of the poster, if the poster could not realize the income from advertisement or other sources?
Answer choices
Select only one option
27% loss
16.66% loss
54% profit
60% profit
60% profit
60% profit
27% loss
16.66% loss
54% profit
60% profit