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What is Subscribed Capital ?...

What is Subscribed Capital ?

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It is that part of issued Capital which is subscribed for by the public.
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X Ltd. was formed with a capital of Rs. 10,000 divided into shares of Rs. 10 each. It offered 90% shares for subscription. 40% payable on application, 25% payable on allotment and the balance on final call. The applicants paid Rs. 3,60,000 on application and Rs. 1,69,000 on allotment. Final call had not yet been made. Calculate: (a) Authorised Capital, (b) Issued Capital, (c) Subscribed Capital, (d) Called-up Capital, (e) Paid-up Capital, (f) Calls-in-Arrears.

Fill in the blanks with appropriate words: (i) Shares on which the company has called total nominal value and has also received it is shown in the Note to Accounts on Share Capital under Subscribed Capital as _______ (ii) Minimum subscription prescribed is _______ (iii) Shares on which the company has called the total nominal value but has not fully received final call of Rs 2 on 500 shares, the shares on which the final call of Rs 2 on 500 shares, the shares on which the final call is not received are shown in the Note to Accounts on share Capital under Subscribed Capital as _______ (iv) A company has resolved to call Rs 2 per share at the time of winding up the company. Rs 2 per share is ________ Capital. (v) Securities Premium Reserve is the liabilities side in the Balance Sheet under ________ (vi) Trade Payables, unless agreed otherwise, are shown as __________ (vii) Prepaid Insurance is shown as _____ in the Balance Sheet

Knowledge Check

  • Which one of the following items is not a part of subscribed capital ?

    A
    Equity Shares
    B
    Preference Shares
    C
    Forfeited Shares
    D
    Bonus Shares

  • Shares on which the company has not called the entire nominal value is shown in the Note to Accounts on Share Capital under Subscribed Capital as:

    A
    Subscribed and fully paid-up,
    B
    Subscribed but not fully paid-up,
    C
    None of the above,
    D
    Any of the above.

  • Shares on which the company has called the entire nominal value and has also received it is shown in the Notes to Accounts on Share Capital under Subscribed Capital as:

    A
    Subscribed and fully paid-up,
    B
    Subscribed but not fully paid-up,
    C
    None of the above,
    D
    Any of the above.

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    Explore conceptually related problems

    (i) Shares on which the company has called total nominal value and has also received it is shown in the Note to Accounts on Share Capital under Subscribed Capital as _________. (ii) Minimum subscription prescribed is __________. (iii) Shares on which the company has called the total nominal value but has not fully received final call of Rs.2 on 500 shares, the shares on which the final call is not received are shown in the Note to Account on Share Capital under Subscribed Capital as __________. (iv) A Company has resolved to call Rs. 2 per Share at the time of winding up the company . Rs 2 per share is _________ Capital. (v) Securities Premium Reserve is shown in the liabilities side in the Balance Sheet under ___________ (vi) Trade Payables , unless agreed otherwise , are shown as _________. (vii) Prepaid Insurance is shown as ___________ in the Balance Sheet.

    Is 'Reserve Capital' a part of 'Unsubscribed Capital' or 'Uncalled Capital'?

    Is reserve capital a, part of 'Unsubscribed Capital' or Uncalled Capital'.

    What is Reserve Capital?

    Shares on which the company has called the entire nominal value but has not received final call of Rs 2 on 500 shares, the shares on which the final call is not received are shown in the Note to Accounts on Share Capital under Subscribed Capital as:

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