Arrange the given components of Share Capital in the correct hierarchical sequence as they appear within the Notes to Accounts on Share Capital in a corporate Balance Sheet:(A) Issued Capital(B) Subscribed and fully paid(C) Subscribed and not fully paid(D) Authorised capitalChoose the correct answer from the options given below:
- A(D), (A), (B), (C)
- B(A), (D), (B), (C)
- C(D), (A), (C), (B)
- D(A), (D), (C), (B)
Solution & Step-by-step Explanation
According to Schedule III of the Companies Act, 2013, the presentation layout for share capital disclosure details items in decreasing order of corporate ceiling capacity:Authorised Capital (D)Issued Capital (A)Subscribed Capital, which breaks down further into:Subscribed and fully paid (B)Subscribed and not fully paid (C)Thus, the exact sequential flow is (D), (A), (B), (C).