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Define Share Capital of a company. - Accounts

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Question

Define ‘Share Capital’ of a company.

Definition
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Solution

Share Capital is the total amount of capital raised by a company through the issue of shares to the public.
It represents the owner’s contribution in the company and is shown on the liability side of the Balance Sheet under “Shareholders’ Funds.”

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Chapter 6: Company Accounts - Issue of Shares - SHORT ANSWER QUESTIONS [Page 6.145]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 6 Company Accounts - Issue of Shares
SHORT ANSWER QUESTIONS | Q 7. | Page 6.145
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