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The proportion of the issued capital to be paid later is 

Accounts - Principles of Accounts
WAEC 2024

The proportion of the issued capital to be paid later is 

  • A. called-up capital.
  • B. authorized capital.
  • C. uncalled-up capital.
  • D. paid-up capital.
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Correct Answer: Option C
Explanation

uncalled capital is the amount of the capital which the company has not mandated to be paid now.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC offline past questions - with all answers and explanations in one app - Download for free