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

Q-86- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 86 Chapter 4 of +2-B

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 II – Solution

error: Content is protected !!