10. A Ltd. had 1,50,000 shares of common stock outstanding on 1 April, 2023. Additional 50,000 shares were issued on 1 November, 2023 and 32,000 shares were bought back on 1 February, 2024. Calculate the weighted average number of shares outstanding at the year ended on 31 March, 2024 is:

All Options:

• A1,34,500 shares ✓
• B1,65,500 shares
• C1,76,167 shares
• D1,23,833 shares Case Scenario 3 Jay Ltd. submits the following data extracted from the Final Accounts as on 31 March, 2023: Equity Share Capital Equity shares of ₹ 10 each 50,000 Profit & Loss (Dr. balance) (50,000) 9% Debentures 2,00,000 Loan from Bank 3,00,000 Advance given to suppliers of goods 45,000 Provision for tax 14,000 Plant & Machinery 4,50,000 Furniture & Fixtures 85,000 Investment in Star Ltd. 10,000 equity shares of 10 each 1,25,000 Sundry Debtors 70,000 Cash & Bank Balance 65,500 Additional information given by Jay Ltd.: On 31 March, 2023 Jay Ltd. decided to reconstruct the company for which necessary resolution was passed. Accordingly, it was decided that: (a) 9% Debentures to be settled in full by issuing them 15,000 Equity shares of 10 each. (b) Equity shareholders will give up 40% of their capital in exchange for allotment of new 11% Debentures of ₹ 1,00,000. (c) Balance of Profit & Loss to be written off. (d) Equity shares issued for ₹ 1,00,000. In addition to above, following information was also presented by Jay Ltd. on 1st April, 2023: (a) Interest is received on advances given to suppliers of goods₹ 3,000. (b) Taxation liability is settled at ₹ 14,000. (c) A debtor of ₹ 40,000 is insolvent, only 40% of his dues are recovered from his estate. (d) Dividend is received on Investment in Star Ltd. ₹ 1 per equity share invested. (e) Part of Plant and Machinery is sold at a loss of₹ 3,000 (book value ₹ 15,000) Based on the information given in above Case Scenario, answer the following