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Answer in One Sentence Only : - Book Keeping and Accountancy

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प्रश्न

Answer in one Sentence only :
State the meaning of issued capital.

एक पंक्ति में उत्तर

उत्तर

The part of authorised capital of a company that is issued to the public in the form of shares is known as issued capital. If the number of shares subscribed by the public is equal to the number of shares issued, then the issued capital will be equal to the subscribed capital.

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Nature and Types of Share and Share Capital
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 10: Company Accounts Part - 1 (Accounting for Shares) - Exercise 1 [पृष्ठ ३५०]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 10 Company Accounts Part - 1 (Accounting for Shares)
Exercise 1 | Q 2 | पृष्ठ ३५०

संबंधित प्रश्न

Securities premium can also be utilized for three other purposes besides

1) 'Issuing fully paid bonus shares' an

2) 'Buyback of shares'. State those purposes.


The Quick Ratio of a company is 0.8 : 1. State with reason whether the following transactions will increase, decrease or not change the quick ratio :
(1) Purchase of loose tools Rs 2,000.
(2) Insurance premium paid in advance Rs 500.
(3) Sale of goods on credit Rs 3,000.
(4) Honoured a bills payable Rs 5,000 on maturity.


Give the meaning of 'Share Capital'.


X Ltd. redeemed 1,000 6% Debentures of Rs 100 each by converting them into equity shares of Rs 100 each. The 6% Debentures were redeemable at a premium of 5% for which the Equity shares were issued as a premium of 25%. Pass the necessary journal entries for the redemption of the above mentioned debentures in the books of X Ltd.


A gift given by a legal representative as per the will is called ________.


Answer in one Sentence only :
What is authorised capital?


Answer in one Sentence only :
Write the meaning of equity share capital.


Answer in one Sentence only :
What is meant by convertible preference share?


Answer in one Sentence only :
Which preference shares are called cumulative preference shares?


Give one word / Term / phrase for  the following statement :
Capital stated in the capital clause of Memorandum of Association.


Give one word / Term / phrase for  the following statement :
The portion of subscribed capital which has not yet been called up.


Give one word / Term / phrase for  the following statement :
The capital which is not disclosed in the balance sheet.


Give one word / Term / phrase for  the following statement :
Preference share on which arrears of dividend accumulate.


Give one word / Term / phrase for  the following statement :
A preference share having right of conversion into equity.


Give one word / Term / phrase for  the following statement :
Shares having first right on surplus assets at the time of liquidation.


(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


Under which of the following heading at liabilities side of the company's balance sheet, the balance in 'Calls-in-Advance' account is shown?


The liability of members in a company is ______.


Under the provisions of the Companies Act, company can issue:


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