Question

    Match the following:

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    A 1. B, 2. A Correct Answer Incorrect Answer
    B 1. C, 2. B Correct Answer Incorrect Answer
    C 1. D, 2. C Correct Answer Incorrect Answer
    D 1. A, 2. D Correct Answer Incorrect Answer
    E 1. C, 2. A Correct Answer Incorrect Answer

    Solution

    The term "Issued capital" refers to the actual number of shares that a company has offered to the public for subscription. This includes all shares that have been issued, regardless of whether they have been fully paid up or not. The term "Authorised capital" is the maximum number of shares that a company is legally allowed to issue as per its corporate charter. This sets the upper limit on the amount of share capital that the company can issue to shareholders.

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