Multiple Choice Questions on Mr Arpit Sharma holding 500 shares did not pay the amount of rs 3 due on first call of his shar........... for Commerce 12th Preparation

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Multiple Choice Questions

Mr Arpit Sharma holding 500 shares did not pay the amount of rs 3 due on first call of his shar...........

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    Mr. Arpit Sharma holding 500 shares did not pay the amount of rs 3 due on first call of his shares. Under which head will the unpaid amount be shown as a deduction in the Balance Sheet.?

    Subscribed Capital

    Correct Answer

    Issued Capital

    Incorrect Answer

    Called-up Capital

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    - Subscribed Capital: This represents the part of issued shares that investors have agreed to buy.It is of two types 

     Subscribed and fully paid up

       Subscribed and not fully paid up (call in arrers are shown under this)

    - Issued Capital: This is the total value of shares that a company has offered for sale, including those that are unpaid.

    - Called-up Capital: This refers to the portion of issued capital for which the company has asked shareholders to pay.

    - None of these: This option is not applicable

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