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Question 86 Chapter 4 of +2-B – USHA Publication 12 Class

Question 86 Chapter 4 of +2-B
Q-86- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 86 Chapter 4 of +2-B

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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 surplus1,00,000
15% debentures1,00,000
Sundry creditors50,000
 6,50,000
Assets
Fixed Assets4,00,000
Current Assets 2,00,000
Preliminary expenses25,000
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  
 =40X₹ 3,00,000
 100
 =₹ 1,20,000  

 

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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

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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