The authorised capital which is issued to the public is known as
issued capital
equity share capital is one of the class of capital
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issued share capital
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When bonus shares are issued share capital also change as amount
from retained earnings or reserves is utilized to issue bonus
shares and it increase the share capital while decrease the
reserves or retained earnings.
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[Debit] Cash / bank xxxx
[Credit] Share capital account xxxx
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Authorized share capital is that maximum amount of share capital a company can do it’s business and return in article of association of company and company cannot raise more capital then this limit unless changes the limit of authorized capital. Issued share capital is that amount of capital which is issued to public for purchase or invest in company.