Company Accounts

Share Capital

Easy

common

Match List-I with List-II

List-I List-II
(A) Authorized capital. (I) Mentioned in Prospectus.
(B) Issued capital. (II) Mentioned In Memorandum Of Association.
(C) Subscribed capital. (III) called up capital-calls in arrears.
(D) Paid up capital. (IV) Capital for which application is received.

Choose the correct answer from the options given below:

List-I	List-II
(A) Authorized capital.	(I) Mentioned in Prospectus.
(B) Issued capital.	(II) Mentioned In Memorandum Of Association.
(C) Subscribed capital.	(III) called up capital-calls in arrears.
(D) Paid up capital.	(IV) Capital for which application is received.

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

✅ Correct Option: 3

Understanding each type of share capital and where it is documented:

Authorized Capital is the maximum amount of capital a company can raise as stated in its Memorandum of Association. It represents the ceiling limit of capital mentioned during incorporation.

Match: (A) → (II)

Issued Capital is the portion of authorized capital that the company offers to the public for subscription. This amount is specifically mentioned in the Prospectus when the company invites public to subscribe for shares.

Match: (B) → (I)

Subscribed Capital represents the part of issued capital for which applications are actually received from investors. Not all issued capital may be subscribed if the issue is undersubscribed.

Match: (C) → (IV)

Paid up Capital is the actual amount received from shareholders. It is calculated as:

$\text{Paid up Capital} = \text{Called up Capital} - \text{Calls in Arrears}$

When shareholders fail to pay any call amount, it becomes calls in arrears, reducing the paid up capital.

Match: (D) → (III)

The correct matching is: (A) - (II), (B) - (I), (C) - (IV), (D) - (III)

Correct Answer: Option 3

2025: 16 May Shift 1

Amount to be credited to Calls-in Arrears account at the time of forfeiture is:

2026: 23 May Shift 2

Applications Supported by Blocked Amount (ASBA) is a process developed by ..............to apply for subscribing to IPOs and Rights Issue etc. of securities.

2026: 19 May Shift 1

Anu Ltd. invited applications for 30,000 Shares of Rs. 100 each at a premium of Rs. 20 per share payable as follows: On Application Rs. 40 (including Rs.10 premium), On Allotment Rs. 30 (including Rs.10 premium), On First Call Rs. 30 On Second and Final Call Rs. 20

Applications were received for 40,000 shares and pro-rata allotment was made on the application for 35,000 share. Excess application money was utilised towards allotment. Raju to whom 600 shares were allotted failed to pay the allotment money and his shares were forfeited immediately after allotment.

Find the amount of allotment not paid by Raju?

2026: 11 May Shift 2

Match the LIST-I with LIST-II

LIST-I		LIST-II
A. Section 43 of Companies Act, 2013	I.	Calls in advance
B. Interest @10% p.a	II.	One person company
C. Section 2(62) of Companies Act, 2013	III.	Preference shares and Equity shares
D. Interest @12% p.a	IV.	Calls in Arrear

Choose the correct answer from the options given below:

2022: 30 Aug Shift 2

The company issued 20,000 equity shares of Rs. 10 each to vendor. After issuing them the shares the vendor will be considered as:

2026: 19 May Shift 1

The balance in 'Calls in Advance' account is shown as a separate item under the title Equity and Liabilities in the company's balance sheet under the sub head:

Solution

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