CBSE Class 12 Accountancy sample paper 2026-27: question 15
From the official CBSE sample question paper for 2026-27, section A, question 15, for 1 mark. Try it first; the hints and our step-by-step solution are below.
Q15 · 1 mark · MCQAccounting for Share Capital
Ritika Ltd. issued 1,000 equity shares of ₹80 each at a premium of ₹10 per share. Application and allotment money of ₹50 (including ₹6 premium) per share was called, and the entire amount was duly received. What will be amount reflecting in the Subscribed but not fully paid-up capital:
- (A)₹50,000
- (B)₹44,000
- (C)₹56,000
- (D)NIL
Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2026-27.
Hints
Open one hint at a time and try again before the next.
Hint 1
Premium is not share capital.
Hint 2
Shares called up only partly are "subscribed but not fully paid".
Step-by-step solution
Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.
Of the ₹ 50,000 called, ₹ 6,000 is premium, so ₹ 44 per share of capital is called and fully received. The shares are ₹ 80 each, so they are not fully paid.
- 1 mark
Subscribed but not fully paid-up capital = 1,000 × ₹ 44 = ₹ 44,000. Option (B).
Answer: (B) ₹44,000
Where the marks are
- Called-up capital ₹ 44 per share (1 mark)
Revise the chapter
- Chapter: Accounting for Share Capital (notes, formulas, where marks are lost and every past question)
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