Arrange Categories of Share Capital into correct order-(A) Subscribed Capital(B) Authorised Capital(C) Issued Capital(D) Called up CapitalChoose the correct answer from the options given below:
- A\text{(B), (C), (A), (D)}
- B\text{(B), (D), (A), (C)}
- C\text{(B), (A), (D), (C)}
- D\text{(C), (B), (D), (A)}
Solution & Step-by-step Explanation
The top-down legal hierarchical categories of corporate share capital are classified as follows:(B) Authorised Capital: The maximum registered amount a company can legally issue.(C) Issued Capital: The portion of authorized capital offered to investors.(A) Subscribed Capital: The portion of issued capital successfully taken up by the public.(D) Called up Capital: The share value amount that directors have officially requested shareholders to pay.Hence, the accurate chronological grouping sequence is (B), (C), (A), (D).