Authorised capital of a company is Rs. 5 lakhs; 40% of it is paid up. Loss incurred during the year is…
The tangible net worth is negative Rs. 50,000. Paid-up capital is 40% of Rs. 5,00,000, or Rs. 2,00,000; deducting the current loss of Rs. 50,000 and the accumulated loss of…
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Authorised capital of a company is Rs. 5 lakhs; 40% of it is paid up. Loss incurred during the year is Rs. 50,000. Accumulated loss carried from last year is Rs. 2,00,000. The company has a Tangible Net Worth of
Answer and explanation
Correct answer C
The tangible net worth is negative Rs. 50,000. Paid-up capital is 40% of Rs. 5,00,000, or Rs. 2,00,000; deducting the current loss of Rs. 50,000 and the accumulated loss of Rs. 2,00,000 gives Rs. 2,00,000 − Rs. 2,50,000 = −Rs. 50,000.
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West Bengal SET (WB SET)