The Unissued capital of the company is?

Use the following to answer this question.

Industry ltd issued 100,000 shares at ₦1 each out of its Authorized share capital of ₦200,000 at ₦1 each. At the of the first call, all shareholders paid in full, except for two shareholders who owes ₦20,000.

A. ₦310,000
B. ₦200,000
C. ₦210,000
D. ₦100,000

Correct Answer: Option D

D. ₦100,000

Explanation

Unissued capital is the total amount that has not been issued out on the authorized, nominal or registered capital.
Therefore, unissued capital = Authorized
capital – issued capital which is :
200,000 – 100,000 = ₦100,000

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