Match the List-I (Classification of Share Capital) with List-II (Categories of Share Capital)

List-I

A. The authorised capital which is not offered for public subscription and it may be offered for public subscription at a later date.

B. A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company.

C. It is that part of the authorised capital which is actually issued to the public for subscription including the shares allotted to vendors and the signatories to the company's memorandum.

D. It is that portion of the called up capital which has been actually received from the shareholders.

List-II

I. Issued Capital

II. Paid up Capital

III. Reserve Capital

IV. Unissued capital

Choose the correct answer from the options given below:

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

Correct answer: Option (2) → A - IV, B - III, C - I, D - II

Concept: Share capital is classified into authorised, issued (and unissued), subscribed, called-up, paid-up and reserve capital – defined in Accounting for Share Capital.

A. Authorised capital not offered for public subscription = Unissued Capital (IV).
B. Portion of uncalled capital callable only on winding up = Reserve Capital (III).
C. Part of authorised capital actually issued to the public = Issued Capital (I).
D. Part of called-up capital actually received from shareholders = Paid-up Capital (II).
Hence A-IV, B-III, C-I, D-II.