Company Accounts

Share Capital

Medium

What is the correct sequence of types of capital in company's Balance sheet while preparing notes to accounts.

A. Issued Capital

B. Subscribed and fully paid up capital

C. Share forfeited Balance

D. Authorised Capital

E. Subscribed but not fully paid up capital

Choose the correct answer from the options given below:

C, B, D, E, A

D, A, B, E, C

A, B, C, D, E

B, A, D, E, C

✅ Correct Option: 2

In notes to accounts, capital is shown in sequence: Authorised Capital (D), Issued Capital (A), Subscribed capital - fully paid (B), Subscribed but not fully paid (E), and Share Forfeited Balance (C) at the end.

2022: 8 Aug Shift 2

When shares are forfeited, capital account is debited by:

2025: 14 May Shift 2

Match List-I with List-II

List-I	List-II
(A) For Transfer of Application Money	(I) Share Allotment A/c Dr. To Share Capital A/c
(B) For Money Refunded on Rejected Application	(II) Share Application A/c Dr. To Share Capital A/c
(C) For Amount Due on Allotment	(III) Share Application A/c Dr. To Bank A/c
(D) For Receipt of Allotment Money	(IV) Bank A/c Dr. To Share Allotment A/c

Choose the correct answer from the options given below:

2023: 20 June Shift 2

When a company reserve a portion of its uncalled capital to be called in the event of winding up, such uncalled capital is known as:-

2022: 23 Aug Shift 2

Total applications received are for :

2026: 13 May Shift 1

Consider the given steps below related to forfeiture of shares due to non receipt of allotment money and their re-issue and arrange them in correct sequence :-

(A) Reissue of forfeited shares and transfer of gain on reissue of forfeited shares.

(B) Notice to shareholder regarding non-payment of allotment money and call money.

(D) Forfeiture of shares for non-payment of allotment and call money.

Choose the correct sequence of the above steps from the options given below:

2023: 29 May Shift 2

When a company issues shares in open market and the amount is payable in instalments. What is the sequence of amount demanded by the company?

A. Money received on calls

B. Money due on calls

C. Allotment money received

D. Application money transferred to Share Capital A/c

E. Allotment money due.

Choose the correct answer from the options given below:

Solution

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