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Accounting for Share Capital

CBSE · Class 12 · Accountancy

Step-by-step guide to study Accounting for Share Capital in CBSE Class 12 Accountancy. Topics to cover, practice strategy, and time allocation.

81 questions72 flashcards5 concepts

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An infographic illustrating the main features of a company: Separate Legal Entity, Limited Liability, Perpetual Succession, Common Seal, Transferability of Shares, and May Sue or be Sued. Each feature
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Study Plan

1
Day 1–2

Learn the Theory

Read the textbook chapter carefully. Note down definitions, formulas, and key concepts.

2
Day 3

Practice Problems

Solve textbook exercises and additional practice questions. There are 81 questions available for this chapter.

3
Day 4

Revise & Test

Revise key formulas and concepts without looking at notes. Take a practice quiz to test your understanding. Mark weak areas for re-revision.

4
Day 7

Spaced Revision

Revisit Accounting for Share Capital after a week. Use flashcards for quick recall. Solve previous year questions from this chapter.

What to Focus On

  • A company is a legal person separate from its members.
  • Shareholders own the company, but directors manage it.
  • The company can continue despite death, insolvency, or insanity of members.

  • Unlimited companies are permitted by law but not found in India.
  • A private company has restricted membership and transfer conditions.
  • An OPC is a company with only one member.

  • Authorised capital is the ceiling for issue of shares.
  • Subscribed capital may be equal to or less than issued capital.
  • Paid-up capital is called-up capital minus calls in arrears.

Common Mistakes to Avoid

Authorised capital is the amount actually issued to shareholders.

Subscribed capital always means the total shares offered by the company.

Calls in arrears and calls in advance are the same thing because both relate to call money.

Memory Tips

Kinds of share capital

Authorised capital

Issued capital and subscribed capital

Called-up capital and paid-up capital

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Frequently Asked Questions

What are the important topics in Accounting for Share Capital for CBSE Class 12 Accountancy?
Accounting for Share Capital covers several key topics that are frequently asked in CBSE Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Accounting for Share Capital — CBSE Class 12 Accountancy?
Understand the core concepts first, then work through the 81 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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