Consider the following information : Paid-up share capital 30 Long-term loan repayable after 3 years 10 Accumulated losses 7 Share application money 0.5 Preliminary expenses 0.8 Reserves (including a revaluation reserve
CS Executive · Corporate and Management Accounting · PYQS · December 2022
Consider the following information : Paid-up share capital 30 Long-term loan repayable after 3 years 10 Accumulated losses 7 Share application money 0.5 Preliminary expenses 0.8 Reserves (including a revaluation reserve of ₹1 crore) 6 From the above particulars, the effective capital for the purpose of managerial remuneration is :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Company Accounts
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