| 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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