Account Titles

• Capital Stock or Share Capital is the amount fixed in the articles of incorporation to be subscribed or paid-in by the shareholders of a corporation.


  It limits the maximum amount of issuable shares of the corporation without formal amendment of the articles of incorporation.
• Authorized Capital Stock or Authorized Share Capital is synonymous with share capital. It represents the total par or stated value of the shares to be issued.
• Subscribed Capital Stock or Subscribed Share Capital is the portion of the amount of the authorized share capital that has been subscribed but not fully paid and thus it is still unissued. 


  The Subscription receivable amount represents the currently uncollected amount and is deducted from the Subscribed share capital.
• Outstanding Capital Stock is the portion of the share capital that is issued and in the hands of the stockholders.


  Section 173 defines outstanding capital as the total share of stock issued under bonding subscription contracts to subscribers or stockholders, whether fully or partially paid, except treasury shares.
• Paid-up Capital is the portion of the subscription or outstanding share capital that is paid.
• Contributed or Paid-in Capital represents the amount invested or contributed by owners.
• Unissued Share Capital is the portion of capital that is not issued to stockholders.
• Legal Capital is the portion of the paid-in capital arising from the issuance of capital stock that cannot be returned to the stockholders in any form during the lifetime of the corporation.