Question : Which of the following assertions is accurate?
Option 1: Authorised Capital < Issued Capital
Option 2: Authorised Capital > Issued Capital
Option 3: Paid up Capital > Issued Capital
Option 4: None of the above
Correct Answer: Authorised Capital > Issued Capital
Solution : Authorized Capital denotes the maximum amount of equity that a business may obtain from the general public through the issuance of shares. Issued Capital is a part of the authorized capital, which is offered to the general public for subscription. Hence, the correct option is 2.
Question : Which of the following statements is/are correct?
Option 1: Authorized Capital < Issued Capital
Option 2: Authorized Capital > Issued Capital
Option 3: Subscribed Capital > Issued Capital
Question : Arrange the following in proper sequence as a type of share capital :
(a) Paid up Capital
(b) Issued Capital
(c) Subscribed Capital
(d) Called up Capital
Option 1: Issued, Called-up, Paid-up, Subscribed
Option 2: Issued, Paid-up, Subscribed, Called-up
Option 3: Issued, Subscribed, Called-up, Paid-up
Question : Which of the following capitals is missing from the Balance Sheet of a company?
Option 1: Authorised Capital
Option 2: Called & Paid up capital
Option 3: Issued and subscribed capital
Option 4: Reserve Capital
Question : Minimum subscription amount of 90% is related to which share capital..........
Option 1: Authorised Capital, Nominal capital
Option 2: Issued Capital and subscribed capital
Option 3: Called up and Paid up Capital
Question : Direction: In the following question you have to identify the correct response from the given premises stated according to the following symbol.
If > denotes +, < denotes -, + denotes ÷, % denotes *, - denotes =, * denotes > and = denotes <, choose the correct statement of the following.
Option 1: 13 > 7 < 6 + 2 = 3 % 4
Option 2: 9 > 5 > 4 - 18 + 9 > 16
Option 3: 9 < 3 < 2 > 1 * 8 % 2
Option 4: 28 + 4 % 2 = 6 % 4 + 2
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