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Home Questions SYQXEZKKFU
Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Shares

Question:

Identify the type of Share Capital, which is clearly shown in Notes to Accounts, but not included in the total of Notes to Account under SHARE CAPITAL head.

Options:

Subscribed and fully paid up Share Capital

Subscribed but not fully paid up Share Capital

Issued Share Capital and Unissued Share Capital

Registered Share Capital and Issued Share Capital

Correct Answer:

Registered Share Capital and Issued Share Capital

Explanation:

The correct answer is option 4- Registered Share Capital and Issued Share Capital.

Registered Share Capital and Issued Share Capital is the type of Share Capital, which is clearly shown in Notes to Accounts, but not included in the total of Notes to Account under SHARE CAPITAL head as Registered (Authorized) Share Capital is disclosed for informational purposes. Issued Share Capital is shown as part of the structure but not added to the total unless it's also subscribed and paid. It can also be seen from below image.

CUET Questions