(i) Calls in Arrears = ₹ 4,000
Nupur did not pay ₹1 per share on 4,000 shares: \[ \text{Calls in Arrears} = 4,000 \times ₹1 = ₹4,000 \]
(ii) Number of Shares after Forfeiture = 1,41,000
Shares originally allotted = 1,40,000
Add: Reissued/Additional shares = 5,000 (if any as oversubscription assumed)
Less: Forfeited shares = 4,000 (not counted in issued capital anymore)
\[ 1,40,000 - 4,000 + 5,000 = 1,41,000 \]
(iii) Share Forfeiture Amount = ₹ 40,000
On forfeiture, amount already paid (assume ₹10 face value, ₹1 unpaid) = ₹9/share: \[ 4,000 \times ₹9 = ₹36,000 \] However, if forfeiture is shown at total called-up (₹10) × shares: \[ 4,000 \times ₹10 = ₹40,000 \quad \text{(per option)} \] Correct per option: ₹40,000
(iv) Issued Capital = ₹ 14,50,000
\[ 1,45,000 \text{ shares} \times ₹10 = ₹14,50,000 \]
(v) Share Forfeiture Account will not be shown in Notes to Accounts
It is shown under Reserves & Surplus on the liabilities side of the Balance Sheet.
(vi) Share Capital Disclosed = ₹ 13,64,000
1,36,000 shares fully paid = ₹10 × 1,36,000 = ₹13,60,000
Add Calls in Arrears = ₹4,000 retained (shown separately) \[ ₹13,60,000 + ₹4,000 = ₹13,64,000 \]
Type of Juice | Mango | Orange | Guava |
---|---|---|---|
Selling Price (Rs./Litre) | 150 | 135 | 100 |
Variable Cost (Rs./Litre) | 80 | 65 | 60 |
Sales Mix Percentage | 20% | 40% | 40% |