Shares 2

Authorised capital is shown in the notes to accounts on share capital

• True

• False

authorised capital for equity share capital and preference share capital not shown separately in the notes to accounts on share capital

• True

• False

Issue share capital is that part of authorised share capital that is issued for subscription whether subscribed or not

• True

• False

Issued share capital can be more than the authorised share capital

• True

• False

Subscribed capital is that part of issued capital that is subscribed against issued capital

• True

• False

Subscribed capital need not be shown separately for equity share capital and preference share capital

• True

• False

Shares on which the company has received the total nominal (face) value, whether cold or not, are shown as subscribed and fully paid up

• True

• False

Company's share urgently transferable

• True

• False

A company, at its discretion may or may not prepare notes to accounts on line item of the balance sheet

• True

• False

Authorised capital cannot be more than issued share capital

• True

• False