Match each category of company share capital with its description:
A1-A, 2-B, 3-C
B1-B, 2-A, 3-C
C1-C, 2-B, 3-A
D1-A, 2-C, 3-B
Answer & Solution
Correct answer: A. 1-A, 2-B, 3-C
Authorised is charter ceiling. Issued is offered to public. Subscribed is taken up by investors.
Keep practising Accounting for Share Capital
Browse all Accounting for Share Capital questions for CBSE Class 12 (Commerce), or explore more Accountancy topics.
Related questions
Match each type of corporate share with its rights:Match each share forfeiture and reissue step with its accounting entry:Match each share issue term with its accounting rule:The last instalment on shares is described by adding the wordApplication money is deposited with aShares of a public limited company are generallyWhy can a company sue and be sued in its own name?Members of a company limited by guarantee become liable only when