Question

The following information pertains to X Ltd: The amount of dividend payable will be ___________.

Equity share capital called up	Rs. $5,00,000$
Calls in arrear	Rs. $40,000$
Calls in advance	Rs. $25,000$
Proposed dividend	$15\%$

• A. Rs. $75,000$
• B. Rs. $72,750$
• C. Rs. $71,250$
• D. Rs. $69,000$

Answer 1

The correct option is D Rs. $69,000$

Equity sharew capital called up - Calls in arrear

5,00,000 - 40,000 = 4,60,000

4,60,000 x 15% = 69,000.