Which of the following is not classified as a category of share capital of the company?
Answer & explanation
Correct answer: option 4
Correct answer: Option (4) → Unsubscribed Capital
Concept: Categories of share capital, from Accounting for Share Capital.
NCERT classifies share capital as Authorised, Issued, Subscribed, Called-up, Paid-up and Uncalled capital (with Reserve Capital as a further class). “Unsubscribed Capital” is not a recognised category – it is merely the part of issued capital not taken up by the public. Hence Option (4) is the odd one out.