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Parts payments made on alloted shares by subscribers is usually the

Commerce
JAMB 2023

Parts payments made on alloted shares by subscribers is usually the

  • A. authorized capital
  • B. subscribed capital
  • C. called -up capital
  • D. issued capital
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Correct Answer: Option C
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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WAEC and NECO CBT Software for Computers and Laptops - 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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