It is that part of the authorised capital which is actually issued to the public for subscription- It is known as -Called up share capital-Susbcribed share capital-Issued share capital-Nominal share capital-

588

You visited us 588 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard XII

Accountancy

Issued Share Capital

It is that pa...

Question

It is that part of the authorised capital which is actually issued to the public for subscription. It is known as ___

Nominal share capital

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Called up share capital

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Susbcribed share capital

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Issued share capital

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D
Issued share capital

It is that part of the authorised capital which is actually issued to the public for subscription. It is known as issued share capital

Suggest Corrections

Similar questions

Q. Himmat Ltd has authorised share capital of ₹ 50,00,000 divided into 5,00,000 Equity Shares of ₹ 10 each . It has existing issued and paid up capital of ₹ 5,00,000. It further issued to public 1,50,000 Equity Shares at par for subscription payable as under:

On Application:	₹ 3
On Allotment:	₹ 4 and
On Call:	Balance Amount.

The issue was fully subscribed and allotment was made to all the applicants . Call was made during the year and was duly received.
Show share capital of the company in the Balance Sheet of the Company.

Q. The authorised capital of ₹ 16,00,000 of XYZ Ltd. is divide into 1,60,000 Equity Shares of ₹ 10 each. Out of these shares , 80,000 Equity Shares were issued at par to public for subscription . The full nominal value is payable on application . All the shares were subscribed by the public and total amount was paid for . Pass necessary journal entries in the books of the company .

Q. The authorised capital of ₹ 16,00,000 of Bharat Ltd. is divide into 1,60,000 Equity Shares of ₹ 10 each. Out of these shares, 80,000 Equity Shares were issued at par to public for subscription. The full nominal value is payable on application. All the shares were subscribed by the public and total amount was paid for. Pass necessary journal entries in the books of the company.

PRACTICAL PROBLEMS

(Calculation of different types of Capital):

From the following details calculate authorised capital, issued, subscribed, called up and paid up share Capital and also calls in arrear and uncalled capital:

Pankaj Ltd. was formed with a capital of Rs 5,00,000 divided in to 5,000 shares of Rs 100 each. Of these 1,000 shares were issued to the vendor as fully paid in payment of purchase of machinery. 3,000 shares were offered to the public and of these 2,500 shares were applied and allotted. Rs 10 was payable on application and Rs 25 on allotment. The balance was yet to be called. All the money called up was duly received with the exception of allotment money on 300 shares.

Q. The share capital is the portion of the authorised capital that is issued to the public for subscription.

Join BYJU'S Learning Program

It is that part of the authorised capital which is actually issued to the public for subscription. It is known as ___

The correct option is D Issued share capital It is that part of the authorised capital which is actually issued to the public for subscription. It is known as issued share capital

The correct option is D
Issued share capital

It is that part of the authorised capital which is actually issued to the public for subscription. It is known as issued share capital