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That portion of the share capital which the company has asked the shareholders to pay...

Commerce
WAEC 2011

That portion of the share capital which the company has asked the shareholders to pay for is known as

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

Called up share capital is shares issued to investors, under the understanding that the shares will be paid for at a later date or in installments.


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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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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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