requested capitals: Subscribed Capital
The requested or subscribed capital is that part of the issued capital of the company for which the public sends their applications to the company and is accepted by the company. In other words, the part of the issued capital which is taken over by the public is called the requested capital. If all the issued capital is taken by the public, then in this situation the issued capital and requested capital cannot exceed.
The requested capital is written in the following way – (1) When the company has received applications from the public for less than the number of shares issued, then in such a situation the issued and requested capital are written off separately in the balance sheet. .
(2) When the company has received applications from the public for shares equal to the number of shares issued. So in such a situation, the issued capital becomes the requested capital and the requested capital is shown under the heading Issued and Subscribed.
(3) When the company receives applications from the public for more shares than the number of shares issued, then the allotment of shares is done only up to the number of shares issued. Therefore, considering the issued capital as the requested capital, it is shown in the title ‘Issued and Subscribed’.
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