Question
Download Solution PDFAuthorised capital of a company is Rs. 5 lacs; 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 of:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Rs. (-)50,000
Key PointsTangible net worth is most commonly a calculation of the value of a company that excludes any value derived from intangible assets such as copyrights, patents, and intellectual property
TNW=Total Assets−Liabilities−Intangible Asset
Authorised capital = Rs. 5 Lakhs
Paid up capital = Rs. 5,00,000 * 40% = Rs. 2,00,000
Total Loss = Rs 2,00,000 + Rs. 50,000 = Rs. 2,50,000
Tangible Net Worth = Rs. Paid up capital - Loss
=Rs. 2,00,000 - Rs. 2,50,000
=Rs. (-) 50,000
Hence the correct answer is Rs. (-) 50,000
Last updated on Jun 12, 2025
-> The UGC NET June 2025 exam will be conducted from 25th to 29th June 2025.
-> The UGC-NET exam takes place for 85 subjects, to determine the eligibility for 'Junior Research Fellowship’ and ‘Assistant Professor’ posts, as well as for PhD. admissions.
-> The exam is conducted bi-annually - in June and December cycles.
-> The exam comprises two papers - Paper I and Paper II. Paper I consists of 50 questions and Paper II consists of 100 questions.
-> The candidates who are preparing for the exam can check the UGC NET Previous Year Papers and UGC NET Test Series to boost their preparations.