Question

Which of the following is not shown under the heading ‘Share Capital’ in a Balance Sheet:

Options

• Subscribed Capital

• Issued Capital

• Reserve Capital

• Authorised Capital

Answer 1

Reserve Capital

Explanation:

Because under Schedule III, the Share Capital note shows Authorised, Issued, and Subscribed (split into “subscribed & fully paid” and “subscribed but not fully paid”). Reserve Capital,a portion of uncalled capital callable only on winding up,is not shown under Share Capital.