Advertisements
Advertisements
Question
Which one of the following items is not a part of subscribed capital?
Options
Equity Shares
Preference Shares
Forfeited Shares
Bonus Shares
MCQ
Advertisements
Solution
Forfeited Shares
Explanation:
Subscribed Capital includes that portion of issued capital which has been taken up by the public, i.e. Equity Shares, Preference Shares, and even Bonus Shares (since they are issued to existing shareholders). But Forfeited Shares are those shares which were earlier subscribed but later cancelled due to non-payment.
shaalaa.com
Is there an error in this question or solution?
Chapter 6: Company Accounts - Issue of Shares - OBJECTIVE TYPE QUESTIONS [Page 6.205]
