Authorised capital of a Company is div ided into 5 00 000 shares of Rs10 each It issued 3 00 000 sha...........

General Accounting Principles Accounting for Shares

Authorised capital of a Company is div ided into 5,00,000 shares of Rs10 each. It issued 3,00,000 shares. Public applied for 3,60,000 shares. Amount of issued capital will be :

Rs 30,00,000

Rs 36,00,000

Rs 50,00,000

Rs 6,00,000

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Explanation:

- Authorised Capital: This is the maximum amount of share capital a company is authorized to issue, here it’s Rs 50,00,000 (5,00,000 shares of Rs 10 each).

- Issued Capital: The portion of the authorized capital that is actually offered to investors. In this case, the company issued 3,00,000 shares.

- Public Application: While the public applied for more shares (3,60,000), the company only issued 3,00,000 shares.

- Calculation: Issued Capital = 3,00,000 shares × Rs 10 = Rs 30,00,000.

- Correct Answer: Option 1 - Rs 30,00,000