Vidyalelo
Commerce · Q229

Accounting

Graduate and Post Graduate · Commerce · question 229

Q229

Shares for which amount is paid by public are called ____ shares

A.
Authorized
B.
Paid up
Answer
C.
Bonus shares
D.
All of the above

Answer: Option B

Solution

Answer: Option B
Solution:
Shares for which amount is paid by public are called Paid up shares. Paid-Up Share Capital All paid-up capital is listed under the shareholders' equity section of the issuing company's balance sheet. Share capital can fall into four categories; paid-up share capital, called-up share capital, authorized share capital, and issued share capital.