When the shares offered for public subscription are subscribed fully by the public, then ___

None of the above

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Authorised capital and subscribed capital would be the same

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ssued capital and Called up capital would be the same

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Issued capital and subscribed capital would be the same

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Solution

The correct option is B
Issued capital and subscribed capital would be the same

When the shares offered for public subscription are subscribed fully by the public, then issued capital and subscribed capital would be the same.

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Similar questions

Q. If issued capital is Rs. 5 lakhs and subscribed capital is Rs. 4 lakhs, then this is called subscription.

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.

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 minimum amount of capital which must be subscribed by the public before allotment is called ___________.

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

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Application of Shares

Standard XII Accountancy

When the shares offered for public subscription are subscribed fully by the public, then ___

The correct option is B Issued capital and subscribed capital would be the same When the shares offered for public subscription are subscribed fully by the public, then issued capital and subscribed capital would be the same.

The correct option is B
Issued capital and subscribed capital would be the same

When the shares offered for public subscription are subscribed fully by the public, then issued capital and subscribed capital would be the same.