Authorised share capital is the total capital which shareholders are allowed to invest in a business. Issued share capital is that part of the total capital which has already been invested in a business.
Business Careers Finance Managers are responsible for managing the finances of a business. They are usually highly experienced accountants and are employed by all types of organisations.
LO 2.13
2. How is a statement of financial position prepared? When the Foleys took a short holiday last year, they stayed in the Savoy Hotel.
Example 2 shows a Statement of Financial Position for the hotel. It used the information given below. All the information is for the year ending 31/12/20—.
e
Authorised share capital Issued share capital Buildings and land Furniture and fittings Motor vehicles Debtors
Closing stock Cash in bank Cash in hand Bank overdraft Creditors
