Question:
That portion of the called up capital which has been actually received from the shareholders is known as :
That portion of the called up capital which has been actually received from the shareholders is known as :
Show Hint
Paid-up capital = Called-up capital – Calls in arrears. It reflects actual money received from shareholders.
Updated On: Jul 4, 2025
- Paid up capital
- Called up capital
- Uncalled capital
- Reserve capital
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
Paid-up capital is the portion of called-up capital that the shareholders have actually paid. It forms the actual fund available with the company.
Was this answer helpful?
0
0
Top Questions on Accounting for Share Capital
- ABC Ltd. was registered with authorised capital of \(₹1,00,00,000\) divided into 10,00,000 equity shares of \(₹10\) each. On 1stApril, 2024, the company offered to the public for subscription, 1,00,000 shares. Applications for 99,000 shares were received and allotment was made in full to all the applicants. A shareholder holding 9,000 shares failed to pay the final call of \(₹3\) per share.
Answer the following questions :
(i) The authorised capital of the company is :- CBSE CLASS XII - 2025
- Accountancy
- Accounting for Share Capital
- Sona Ltd. invited applications for issuing 60,000 equity shares of ₹ 50 each. The amount was payable as follows:
On Application – ₹ 20 per share
On Allotment – ₹ 25 per share
On First and final call – Balance
Applications for 90,000 shares were received. Applications for 10,000 shares were rejected and application money refunded. Shares were allotted on pro-rata basis to the remaining applicants. Excess money received with applications was adjusted towards sums due on allotment. Rahul, to whom 600 shares were allotted, failed to pay the allotment money and his shares were forfeited immediately. Afterwards, the first and final call was made. Mona, to whom 1,000 shares were allotted, failed to pay the first and final call. Her shares were also forfeited. Pass necessary journal entries in the books of Sona Ltd. for the above transactions.- CBSE CLASS XII - 2025
- Accountancy
- Accounting for Share Capital
- Radhika Ltd. invited applications for issuing 40,000 equity shares of ₹ 100 each at a premium of ₹ 50 per share. The amount was payable as follows:
On Application and Allotment – ₹ 40 per share (including ₹ 10 premium)
On First call – ₹ 45 per share (including ₹ 5 premium)
On Second and final call – Balance
Applications for 39,000 shares were received. Allotment was made in full to all the applicants. Dinu, to whom 100 shares were allotted, failed to pay the first call money. His shares were immediately forfeited. The forfeited shares were re-issued thereafter at ₹ 70 per share fully paid up. The second and final call was not yet made. Pass necessary journal entries for the above transactions in the books of Radhika Ltd.- CBSE CLASS XII - 2025
- Accountancy
- Accounting for Share Capital
- X Ltd. invited applications for 90,000 equity shares of ₹ 100 each. Applications for 2,00,000 shares were received. 5,000 shares applicant paid full amount with application. Allotment = ₹50, Application = ₹20, Final Call = ₹30.
- CBSE CLASS XII - 2025
- Accountancy
- Accounting for Share Capital
- Jeeta Ltd. forfeited 300 shares of \(₹100\) each for the non-payment of final call of \(₹10\) per share. The amount credited to share forfeiture account will be :
- CBSE CLASS XII - 2025
- Accountancy
- Accounting for Share Capital
View More Questions
Questions Asked in CBSE CLASS XII exam
- Nandita and Prabha were partners in a firm. Nandita withdrew ₹ 3,00,000 during the year for personal use. The partnership deed provides for charging interest on drawings @ 10% p.a. Interest on Nandita’s drawings for the year ended 31st March, 2024 will be:
- CBSE CLASS XII - 2025
- Profit sharing ratio
Aakash and Baadal entered into partnership on 1st October 2023 with capitals of Rs 80,00,000 and Rs 60,00,000 respectively. They decided to share profits and losses equally. Partners were entitled to interest on capital @ 10 per annum as per the provisions of the partnership deed. Baadal is given a guarantee that his share of profit, after charging interest on capital, will not be less than Rs 7,00,000 per annum. Any deficiency arising on that account shall be met by Aakash. The profit of the firm for the year ended 31st March 2024 amounted to Rs 13,00,000.
Prepare Profit and Loss Appropriation Account for the year ended 31st March 2024.- CBSE CLASS XII - 2025
- Partnership
- Two dice are thrown. Defined are the following two events A and B: \[ A = \{(x, y) : x + y = 9\}, \quad B = \{(x, y) : x \neq 3\}, \] where \( (x, y) \) denote a point in the sample space. Check if events \( A \) and \( B \) are independent or mutually exclusive.
- CBSE CLASS XII - 2025
- Probability
- Draw circuit arrangement for studying V-I characteristics of a p-n junction diode.
(b) Show the shape of the characteristics of a diode.
(c) Mention two information that you can get from these characteristics.- CBSE CLASS XII - 2025
- Semiconductor electronics: materials, devices and simple circuits
- Find the shortest distance between the lines: \[ \mathbf{r}_1 = (2\hat{i} - \hat{j} + 3\hat{k}) + \lambda (\hat{i} - 2\hat{j} + 3\hat{k}) \] \[ \mathbf{r}_2 = (\hat{i} + 4\hat{k}) + \mu (3\hat{i} - 6\hat{j} + 9\hat{k}) \]
- CBSE CLASS XII - 2025
- Vector Algebra
View More Questions