Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

Rearrange the following items of "Shareholder's funds" in an order as prescribed by companies Act 2013 in Schedule III of Companies Act, 2013.

A. Shares forfeited A/c
B. Subscribed and fully paid capital
C. Subscribed but not fully paid capital
D. Issued capital
E. Authorised capital

Choose the correct answer from the options given below:

Options:

A, B, C, D, E

E, A, B, D, C

E, D, B, C, A

C, D, A, B, E

Correct Answer:

E, D, B, C, A

Explanation:

The correct answer is Option (3) - E, D, B, C, A