BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Nominal Capital
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Issued Capital
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Authorized Capital
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Registered Capital
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Detailed explanation-1: -The correct option is D. Issued share capital. It is that part of the authorised capital which is actually issued to the public for subscription. It is known as issued share capital.
Detailed explanation-2: -The entire number of shares in the corporation is its authorised share capital. It is the maximum shares that a corporation may issue under the terms of its articles and memorandum of association. The share capital that is owned by the shareholders is known as the issued share capital.
Detailed explanation-3: -Authorized Capital refers to the share capital with which a joint-stock company is registered On the other hand, the issued capital is the share capital actually offered for sale by the company to the general public.
Detailed explanation-4: -Solution. The part of Authorised Capital which is not issued to the public is known as Unissued Capital.