Question:
106. Authorised capital of a company is Rs.5 lac, 40% of it is paid up. Loss incurred during the year is Rs.50,000. Accumulated loss carried from last year is Rs.2 lac. The company has a Tangible Net Worth ofa. Nilb. Rs.2.50 lacc. (-)Rs.50,000d. Rs.1 lac.107. Proprietary ratio is calculated bya. Total assets/Total outside liabilityb. Total outside liability/Total tangible assetsc. Fixed assets/Long term source of fundd. Proprietors’’ Funds/Total108. Current ratio of a concern is 1,its net working capital will bea) Positiveb) Negativec) Nild) None of the above
Answer
106. Option c. (-)Rs.50,000
Paid-up capital = 500000*40% = 200000
Total Loss = 200000 + 50000 = 250000
Tangible net worth = -50000
107. Option d. Proprietor’s fund/Total tangible assets
108. Option c. Nil
