Question : Which of the following is not shown under the heading "share capital" in a Balance Sheet :
Option 1: Subscribed Capital
Option 2: Issued Capital
Option 3: Reserve Capital
Option 4: Authorised Capital
Correct Answer: Reserve Capital
Solution : In a Balance Sheet, Reserve Capital is not listed under the "Share Capital" column. Reserve capital is available in the event of winding up only.
Hence the correct answer is option 3.
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 : Name the head of Capital Clause of Memorandum of Association of a company in which the maximum amount of share capital mentioned is called______________.
Option 1: Reserve Capital
Option 2: Subscribed Capital
Option 3: Authorised Capital
Option 4: Issued 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 : Authorised share capital is also known as:
Option 1: Called up Capital
Option 4: Nominal Capital
Question : The forfeited amount on shares not yet reissued is shown in the Balance Sheet as an addition to the:
Option 1: Reserves and Surplus
Option 2: Called Up Capital
Option 3: Authorised Share Capital
Option 4: Paid up Share Capital
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile