Question

  Authorised capital of a company is Rs.5 lakh and 40% of it is paid up. What would be the tangible net-worth of the company if it reported Loss during the year is at Rs.50,000 and has accumulated loss carried from last year  of Rs.2 lakh.

A Rs.2,00,000
B Rs.2,50,000
C Rs. (-)2,50,000
D Rs.(−)50,000
E Rs.7,50,000
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