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Fifth Avenue Ltd a company registrated with authorised capital of 1 50000 equity shares of $1 0 each issued 1 00000 equity shares. It has called the total nominal( face) value of the share($10) and received the amount on all the shares except a final call of $3 on 1 0000 equity shares. Share capital of 1 0000 equity shares will be classified. Shown as subscribed but not fully paid up?
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Fifth Avenue Ltd a company registrated with authorised capital of 1 50...
Explanation of Fifth Avenue Ltd's Classification of Share Capital



  • Authorised Capital: The amount of capital that a company is authorised to issue as per its Memorandum of Association is known as authorised capital. In the case of Fifth Avenue Ltd, the authorised capital is 1,50,000 equity shares of $10 each.


  • Issued Capital: The amount of capital that a company has actually issued to its shareholders is known as issued capital. In the case of Fifth Avenue Ltd, the issued capital is 1,00,000 equity shares of $10 each.


  • Called-up Capital: The amount of capital that a company has called upon its shareholders to pay is known as called-up capital. In the case of Fifth Avenue Ltd, the total nominal value of the shares ($10) has been called up and received on all shares except the final call of $3 on 10,000 equity shares.


  • Subscribed Capital: The amount of capital that has been subscribed by the shareholders but not fully paid up is known as subscribed capital. In the case of Fifth Avenue Ltd, the 10,000 equity shares on which the final call of $3 each has not been received will be classified as subscribed but not fully paid up.



Conclusion

In conclusion, Fifth Avenue Ltd has called up the total nominal value of its shares and received the amount on all shares except the final call of $3 on 10,000 equity shares. The 10,000 equity shares will be classified as subscribed but not fully paid up.
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Fifth Avenue Ltd a company registrated with authorised capital of 1 50000 equity shares of $1 0 each issued 1 00000 equity shares. It has called the total nominal( face) value of the share($10) and received the amount on all the shares except a final call of $3 on 1 0000 equity shares. Share capital of 1 0000 equity shares will be classified. Shown as subscribed but not fully paid up?
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