Question

In the Balance Sheet of a company, under the heading share capital, at the last is shown ______.

Options

• Authorised Share Capital

• Subscribed Share Capital

• Issued Share Capital

• Reserve Share Capital

Answer 1

In the Balance Sheet of a company, under the heading share capital, at the last is shown Issued Share Capital.

Explanation:

Reserve capital is the portion of uncalled share capital that may be called only on winding up, so it isn’t usable during the company’s life. Using reserves to write off capital losses is a feature of Capital Reserve, not Reserve Capital.