English

Issued Capital means ______.

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Question

Issued Capital means ______.

Options

  • Nominal value of all shares offered to public.

  • Called-up value of all shares allotted.

  • Paid-up value of all shares allotted.

  • Capital that a company has issued for subscription.

MCQ
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Solution

Issued Capital means capital that a company has issued for subscription.

Explanation:

Issued capital is that part of authorised capital which the company offers for subscription. It is calculated at the nominal or face value of the shares issued.

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Chapter 8: Accounting for Share Capital - TEST YOUR KNOWLEDGE [Page 8.157]

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TS Grewal Accountancy Double Entry Book Keeping Volume 1 and 2 [English] Class 12
Chapter 8 Accounting for Share Capital
TEST YOUR KNOWLEDGE | Q 2. | Page 8.157
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