Which of the Following Would NOT Be Share Capital

question 29

Multiple Choice

Which of the following would NOT be share capital?

• A) Capital earned by profitable operations
• B) Contributed capital
• C) Amounts received from shareholders
• D) Common shares
• E) Externally generated capital resulting from transactions with outsiders

---

Definitions:

Unadjusted Trial Balance

A financial report showing all accounts and their balances before adjustments, serving as a check on the correctness of the sums of debit and credit balances.

Aging of Accounts Receivable

A document or method that organizes a business's accounts receivable based on the duration an invoice has remained unpaid.

Bad Debts Expense

An expense reported on the income statement, representing the non-collectable accounts receivable from extending credit to customers.

Allowance for Doubtful Accounts

An estimation of the amount of accounts receivable that is not expected to be collected, used to create a more accurate picture of a company's financial health.