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
No, share value at par is considered while calculating paid up capital.
The individual subscribed share value and liability of the total share capital of a company. In detail: Par value of that part of the authorized share capital which has been issued (sold) as shares-whether their purchasers (shareholders) have paid for them or not. A firm can, at any time, issue new shares up to the full amount of authorized share capital. Also called subscribed capital, issued share capital or subscribed share 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.
It is Par Value of share issued
Debit cash / bank / assetsCredit share capital