Question 86 Chapter 4 of +2-B
Table of Contents
86. From the following Balance sheet of ABC Ltd. as on 31st March 2016
| BALANCE SHEET | |
| AS ON 31ST MARCH 2016 | |
| Liabilities | ₹ |
| Equity share of 100 each | 3,00,000 |
| 12% preference share of 100 each | 1,00,000 |
| Reserve and surplus | 1,00,000 |
| 15% debentures | 1,00,000 |
| Sundry creditors | 50,000 |
| 6,50,000 | |
| Assets | ₹ |
| Fixed Assets | 4,00,000 |
| Current Assets | 2,00,000 |
| Preliminary expenses | 25,000 |
| Underwriting commission | 25,000 |
| 6,50,000 | |
Other information :
Net profit before Interest and tax ₹ 2,00,000
Rate of Tax 50%
A dividend of 40% is declared on equity share
Calculate dividend per share
The solution of Question 86 Chapter 4 of +2-B: –
| Number of equity share | = | Equity share capital |
| Face value of shares | ||
| = | ||
| = | ₹ 3,00,000 | |
| ₹ 100 | ||
| = | 3,000 shares |
| Profit Distributed as equity Dividend | = | 40% of Equity Share Capital | ||
| = | 40 | X | ₹ 3,00,000 | |
| 100 | ||||
| = | ₹ 1,20,000 |
| Dividend per Share | = | Profit Distributed as equity Dividend |
| Number of equity share | ||
| = | ||
| = | ₹ 1,20,000 | |
| 3,000 | ||
| = | ₹ 40 per Share |
Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
