Arrange the following in the correct order:

(A) Subscribed Capital
(B) Issued Capital
(C) Authorised Capital
(D) Paid-up Capital
(E) Called-up Capital

Choose the correct answer from the options given below:

The correct option is (C), (B), (A), (E), (D).

In corporate accounting, the shares of a company are categorized and presented in a logical hierarchical sequence representing the progression from the maximum limit of capital a company can issue to the actual amount received from shareholders. The correct order from the maximum legal limit to the actual cash collected is explained below:

1. Authorised Capital (C): Also known as nominal or registered capital, this is the maximum amount of share capital that a company is legally authorized to issue to its shareholders as per its Memorandum of Association.
2. Issued Capital (B): This is the portion of the authorised capital that the company offers to the public or vendors for subscription.
3. Subscribed Capital (A): This represents the part of the issued capital that has been actually taken up or applied for by the public.
4. Called-up Capital (E): This is the portion of the subscribed capital that the company's directors have requested the shareholders to pay.
5. Paid-up Capital (D): This is the final amount of capital that the shareholders have actually paid to the company (i.e., called-up capital minus any calls-in-arrears).

Therefore, the logical and correct order of these capital categories is (C) Authorised Capital, (B) Issued Capital, (A) Subscribed Capital, (E) Called-up Capital, and finally (D) Paid-up Capital.