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 of a. Nil b. Rs.2.50 lac c. (-)Rs.50,000 d. Rs.1 lac.

Authorised capital of a company is Rs.5 lac, 40% of it is paid up. Los

1.	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 of a. Nil b. Rs.2.50 lac c. (-)Rs.50,000 d. Rs.1 lac.
Answer» c. (-)Rs.50,000

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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 of a. Nil b. Rs.2.50 lac c. (-)Rs.50,000 d. Rs.1 lac.

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