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Disclosure of Share Capital

The authorise...

Question

The authorised capital disclosure is shown in notes to accounts.

A

True

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B

False

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Q. Objective Type Question :
Answer in one Sentence only :

What is authorised capital?

Q. Under which heads will the following items be shown in the Balance Sheet of a Company

(i) Bank Balance;	(ii) Investments (Long-term);	(iii) Outstanding Salary;
(iv) Authorised Capital;	(v) Bills Payable;
(vi) Unclaimed Dividents;	(vii) Shares Option Outstanding Account;
(viii) General Reserve; and	(ix) Subsidy Reserve?

Which of the following can have detailed disclosure in notes to accounts?

Q. Nupur Ltd. was registered with an Authorised capital of Rs.20,00,000 divided into 2,00,000 equity share of Rs.10 each. The Co. offered 1,50,000 equity shares for subscription to public and app. were received for 1,40,000 equity shares. The directors called Rs.7 per share upto 31st march and the money called was duly received. Show the Share Capital in B/S of the Co. together with notes to accounts

Q. The auditor has serious concern about the going concern of the company. It is dependent on company's obtaining a working capital loan from a bank which has been applied for. The management of the company has made full disclosure of there facts in the notes to the balance sheet. The auditor is satisfied with the level of disclosure. He should issue ____________ .

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