That portion of the share capital which cannot be called-up except on the winding up is known as A) Called-up Capital B) Paid-up Capital C) Authorised Capital D) Reserve Capital

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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That portion of the share capital which cannot be called-up except on the winding up is
known as A) Called-up Capital B) Paid-up Capital C) Authorised Capital D) Reserve
Capital
Transcribed Image Text:That portion of the share capital which cannot be called-up except on the winding up is known as A) Called-up Capital B) Paid-up Capital C) Authorised Capital D) Reserve Capital
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