Authorised capital is stated at face value. The shares are of Rs.10 face value each (Rs.12 includes Rs.2 premium, since total app + allotment + call = 4 + 4 + 4 = 12 and allotment includes premium). Authorised capital = Rs.5,00,000 / Rs.10 = 50,000 shares of Rs.10 each.
The Balance Sheet of the company will show authorised capital of the company as .
CUET UG 2022 — Accountancy Company Accounts
2022mcqmedium
The Balance Sheet of the company will show authorised capital of the company as _______ .
Official previous-year question
Held on 16 Jul 2022 · Verified 13 Jul 2026.
Options
- A
50,000 shares @ Rs.10 each
- B
50,000 shares @ Rs.12 each
- C
1,00,000 shares @ Rs.12 each
- D
10,000 shares of 10 Rs. each
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