A company has issued 10000 shares of Rs. 10 each but received Rs. 7 per share. i.e. Rs. 3 is calls in arrears.
Also the company has free reserve of Rs. 5 lakhs.
Net-worth per share please?
A company has issued 10000 shares of Rs. 10 each but received Rs. 7 per share. i.e. Rs. 3 is calls in arrears.
Also the company has free reserve of Rs. 5 lakhs.
Net-worth per share please?
Here
| Issued Capital | 1,00,000 | (10,000 x Rs. 10) | ||
| Less: Calls in Arrears | 30,000 | (10,000 x Rs. 3) | ||
| Paid up Capital | 70,000 | |||
| Add: Reserve | 5,00,000 | |||
| NET WORTH | 5,70,000 | |||
| No. of Shares | 10,000 | |||
| Net worth per share | 57 | (5,70,000/10,000 Shares) | ||
| Is it correct? | ||||
| Or we should factor the number of shares to the extent of paid value (i.e. Rs.7) ? | ||||
CAclubindia
