Manag., July-2018 – Q88

88Authorised capital of a company is Rs.5 lac; 40% of it is paid up. The 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 of:

Option : C
Explanation : Tangible Net Worth
= Paid up capital – Loss – Accumulated Loss
= 20000 – 50000 – 200000 = – 50000.

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