Accounting 0452 · IGCSE · Limited companies

Limited companies — practice question

T Limited was set up on 1 April 2019. In all, $220\,000$ shares of $2$ each were issued, and shareholders were required to pay $75\%$ of the share value at once, with the remaining $25\%$ due on 1 April 2020. By 1 June 2019, the holders of $190\,000$ shares had paid the amount owing. Calculate the paid up capital on 1 June 2019.

  • A$285\,000
  • B$330\,000
  • C$380\,000
  • D$440\,000

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI