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Question
Reserve Capital is also known by:
Options
Capital Reserve
Called up Capital
Subscribed Capital
None of the above
MCQ
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Solution
None of the above
Explanation:
Reserve Capital is a specific portion of uncalled share capital that can be called only on winding up,it is not the same as Capital Reserve, Subscribed Capital, or Called-up Capital.
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Chapter 6: Company Accounts - Issue of Shares - OBJECTIVE TYPE QUESTIONS [Page 6.199]
