Accountancy, asked by khanashudeen7479, 11 months ago

Define authorized share capital in corporate accounting

Answers

Answered by manoharsetty

Answer:

It is the maximum amount of the capital for which shares can be issued by the Company to shareholders.

The Authorised capital is mentioned in the Memorandum of Association of the Company under heading of “Capital Clause”. It is even decided prior to incorporation of the Company.

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