Company Accounts

Share Capital

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Calculate the amount of Dividend paid during the year 2022 from the following information :

Balance of Proposed Dividend as on 31st March, 2021 was Rs. 40,000 and on 31st March, 2022 Rs. 60,000. Interim Dividend was paid @20% on share capital. Share capital was Rs. 4,00,000.

Rs. 1,40,000

Rs. 1,20,000

Rs. 1,40,000

Rs. 1,00,000

✅ Correct Option: 2

Dividend paid during 2021-22 = Previous year's Proposed Dividend (paid during current year) + Interim Dividend paid during the year.

= 40,000 + (20 percent of 4,00,000)

= 40,000 + 80,000 = 1,20,000.

Proposed dividend of 60,000 (as on 31/03/2022) will be paid next year.

2026: 29 May Shift 2

Balance of share forfeiture account is shown in the balance sheet under the item:

2022: 8 Aug Shift 2

When shares are forfeited, capital account is debited by:

2026: 6 June Shift 1

Select the features from the following which are related to Calls in Arrears:

(A) It reduces the paid-up capital

(B) It is debited where a company maintains its account.

(D) It is shown on Asset side of the Balance Sheet

Choose the correct answer from the options given below:

2026: 13 May Shift 2

Due to non-payment of call money, a company has forfeited shares which were issued at premium earlier and the premium amount has been received on those shares. How securities premium reserve account will be shown in the journal entry of forfeiture of shares ?

2023: 29 May Shift 2

Select the amount that is received from Hari's reissued shares -

2026: 31 May Shift 1

When shares are forfeited, the amount already received is credited to:

Calculate the amount of Dividend paid during the year 2022 from the following information : Balance of Proposed Dividend as on 31st March, 2021 was Rs. 40,000 and on 31st March, 2022 Rs. 60,000. Interim Dividend was paid @20% on share capital. Share capital was Rs. 4,00,000.

Solution

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CUET Accountancy Past Year Questions (Topic-Wise)

Calculate the amount of Dividend paid during the year 2022 from the following information :

Balance of Proposed Dividend as on 31st March, 2021 was Rs. 40,000 and on 31st March, 2022 Rs. 60,000. Interim Dividend was paid @20% on share capital. Share capital was Rs. 4,00,000.