Question : On 1st April, 2012, Vishwas Ltd. was formed with an authorised capital of  Rs. 10,00,000 divided into 1,00,000 equity shares of  Rs. 10 each. The company issued a prospectus inviting applications for 90,000 equity shares. The company received applications for 85,000 equity shares. During the first year,  Rs. 8 per share were called. Ram holding 1,000 shares and Shyam holding 2,000 shares did not pay the first call of  Rs. 2 per share. Shyam's shares were forfeited after the first call and later on 1,500 of the forfeited shares were reissued at  Rs. 6 per share,  Rs. 8 called-up.

Question:- The issued capital of the company is ______.

Option 1: Rs. 10,00,000

Option 2: Rs. 9,00,000

Option 3: Rs. 6,76,000

Option 4: None of the above 

Question :

On 1st April, 2012, Vishwas Ltd. was formed with an authorised capital of  Rs. 10,00,000 divided into 1,00,000 equity shares of  Rs. 10 each. The company issued prospectus inviting applications for 90,000 equity shares. The company received applications for 85,000 equity shares. During the first year,  Rs. 8 per share were called. Ram holding 1,000 shares and Shyam holding 2,000 shares did not pay the first call of  Rs. 2 per share. Shyam's shares were forfeited after the first call and later on 1,500 of the forfeited shares were reissued at  Rs. 6 per share,  Rs. 8 called-up.

Question:- Authorized capital of the company is ________.

Option 1: Rs. 10,00,000

Option 2: Rs. 9,00,000

Option 3: Rs. 8,45,000

Option 4: None of these

Question :

On 1st April, 2012, Vishwas Ltd. was formed with an authorised capital of  Rs. 10,00,000 divided into 1,00,000 equity shares of  Rs. 10 each. The company issued prospectus inviting applications for 90,000 equity shares. The company received applications for 85,000 equity shares. During the first year,  Rs. 8 per share were called. Ram holding 1,000 shares and Shyam holding 2,000 shares did not pay the first call of  Rs. 2 per share. Shyam's shares were forfeited after the first call and later on 1,500 of the forfeited shares were reissued at  Rs. 6 per share,  Rs. 8 called-up.

Question:- Authorized capital of the company is ________.

Option 1: Rs. 10,00,000

Option 2: Rs. 9,00,000

Option 3: Rs. 8,45,000

Option 4: None of these

Question : On 1st April, 2012, Vishwas Ltd. was formed with an authorised capital of  Rs. 10,00,000 divided into 1,00,000 equity shares of  Rs. 10 each. The company issued prospectus inviting applications for 90,000 equity shares. The company received applications for 85,000 equity shares. During the first year,  Rs. 8 per share were called. Ram holding 1,000 shares and Shyam holding 2,000 shares did not pay the first call of  Rs. 2 per share. Shyam's shares were forfeited after the first call and later on 1,500 of the forfeited shares were reissued at  Rs. 6 per share,  Rs. 8 called-up.

Question:- Amount of share capital is ________.

Option 1: Rs. 10,00,000

Option 2: Rs. 6,77,000

Option 3: Rs. 6,76,000

Option 4: None of these

Question : On 1st April, 2012, Vishwas Ltd. was formed with an authorised capital of  Rs. 10,00,000 divided into 1,00,000 equity shares of  Rs. 10 each. The company issued prospectus inviting applications for 90,000 equity shares. The company received applications for 85,000 equity shares. During the first year,  Rs. 8 per share were called. Ram holding 1,000 shares and Shyam holding 2,000 shares did not pay the first call of  Rs. 2 per share. Shyam's shares were forfeited after the first call and later on 1,500 of the forfeited shares were reissued at  Rs. 6 per share,  Rs. 8 called-up.

Question:- Amount of share capital is ________.

Option 1: Rs. 10,00,000

Option 2: Rs. 6,77,000

Option 3: Rs. 6,76,000

Option 4: None of these