B. (d) Under subscribed capital. 5,000. Issued Capital: Generally, a part of the authorised capital is issued to the public for subscription which is known as issued capital, i.e., it is the nominal value of the shares which are offered to the public for subscription. Usually, a company does not issue all its capital at a time, i.e., issued capital is less than the authorised capital. The company cannot raise more than the amount of capital as specified in the Memorandum of Association. Authorized share capital is also known as _____. This is the maximum amount of capital that a company is authorised to raise from the public by the issue of shares. Issued capital. Reserve share capital means : (a) Part of authorised capital to be called at the beginning. It is the total amount which a company is authorised to raise from its investors through shares. It … C, a capitalist partner and I, an industrial partner agreed with the following profit or loss sharing terms. Reserve Capital is also known by : (A) Capital Reserve (B) Called up Capital (C) Subscribed Capital (D) None of the above. For example: If XYZ Pvt Ltd has an authorised capital Rs. Reserve Capital is : (A) Subscribed Capital ... Authorised capital of a Company is div ided into 5,00,000 shares of ₹10 each. Answer: D. 28. C. Paid up capital. Authorized capital is also called Registered capital or Nominal capital. May 01, 2020 Junaid Vizhi. The capital generated by a company through the sale of its shares is known as the Authorised Share Capital. Authorised share capital also refers to as maximum, registered or normal capital. (ii) Issued Capital The authorised capital which is offered to the public for subscription including shares offered to the vendors for subscription other than cash is called the issued capital. The Paid-up capital of a company can never be more than the authorized capital. Issued Capital cannot be more than the authorized capital. Utilisez l'Appli; Utilisez l'Appli; Accueil; Trouvez un … A. Where the whole of authorized capital is offered to the public, the authorized and issued capital will be the same. It is also known as real capital of a company. Answer. D. Called up capital. May 01, 2020 Junaid Vizhi. (iii) Subscribed Capital It is the portion of issued capital which has been subscribed to by the public i.e., applied for and allotted by the company. Answer. PAID-UP CAPITAL The term paid-up capital, if simply put, means the amount shareholders invest in the company in exchange of the shares purchased by them. A general meeting of a company may be called by giving not less than _____ notice either in writing or through electronic mode. he is a person admitted to all the rights of a limited partner who has died or who has assigned his interest in a partnership. 20 lakhs and shares issued up to an amount of Rs.15 Lakhs to shareholders, it means XYZ Pvt Ltd has issued the shares not in excess of the maximum limit ie. authorised capital also known as registered capital or nominal capital authorised capital is a maximum amount of capital or value of securities that company can legally issue same amount is specified in the memorandum of. Solve related Questions. C and I entered into a contract of partnership for a fixed term of 2 years. Registered capital. (c) Over subscribed capital. It can either be less or equal to the authorized capital. • Authorised Capital: Authorised capital is the amount of share capital which a company is authorised to issue by its Memorandum of Association. The authorised capital can be increased or Accounting for Share Capital Class 12 MCQs Questions with Answers. Subscribed capital: The amount of capital (out of authorized capital) for which company has received applications from the general public who are interested in buying shares. (b) Portion of uncalled capital to be called only at liquidation. Authorised Share Capital. 27. Question 1. It is also called Nominal or Registered capital. The difference between the nominal and the issued capital is known as ‘unissued capital’, which can be issued to the public at a later date.
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