Called-up capital is the part of a company's issued capital which the board of directors of the company has called upon the subscribers to make payment.
Called up share capital a/c Dr. To share Forfiture A/c To Unpaid Call Amount A/c
Called up capital is the amount for which company offers the public for initial subscription and this is the amount company is expecting to get for start of business. On that initial called up offer public sends applications and if applications for more than that capital is received then extra applications are refused
Yes share premium paid is part of paid up capital and shown separately as share premium account in equity section of balance sheet.
[Debit] Cash account xxxxx [Credit] Share application account xxxxx Entry 2 [Debit] Share Application account xxxxx [Credit] Share Capital Account xxxxx
The paid up capital = Number of authorised shares x nominal value per share
Called up share capital a/c Dr. To share Forfiture A/c To Unpaid Call Amount A/c
Called up capital is the amount for which company offers the public for initial subscription and this is the amount company is expecting to get for start of business. On that initial called up offer public sends applications and if applications for more than that capital is received then extra applications are refused
Subscribed capital refers to the portion of a company's authorized capital that has been reserved by shareholders through subscription, but may not have been fully paid in yet. It represents the maximum amount of capital that can be called upon by the company for subscription.
No, share value at par is considered while calculating paid up capital.
Paid in capital includes the preference share capital as well as common share capital as well.
I dont rregard it as a liability because as this money cannot be called up by share holders how could it be regarded as capital can any one answer it?
called-up capital
Yes share premium paid is part of paid up capital and shown separately as share premium account in equity section of balance sheet.
[Debit] Cash account xxxxx [Credit] Share application account xxxxx Entry 2 [Debit] Share Application account xxxxx [Credit] Share Capital Account xxxxx
Paid up capital stock is that share capital for which investors or shareholders has made full payment to acquire them.
Debit cash / bank / assetsCredit share capital
It is Par Value of share issued