Shares on which the company has called the entire nominal value and has also received it, is shown in the Notes to Accounts on share capital under subscribed capital as ________________.

Subscribed and fully paid

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Subscribed but not fully paid

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None of the above

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Any of the above

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Solution

The correct option is D Subscribed and fully paid
Shares on which the company has called the entire nominal value and has also received it is shown in the notes to accounts on share capital under subscribed capital as subscribed and fully paid up.
Subscribed capital is that part of issued capital that the public has agreed to purchase by paying the application money on the same. Subscribed and fully paid is receiving all the call money on the subscribed share capital.

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