Question : Reserve capital is a part of:-
Option 1: Paid up capital
Option 2: Forfeited share capital
Option 3: Assets
Option 4: Capital is to be called up only on the liquidation of the company
Correct Answer: Capital is to be called up only on the liquidation of the company
Solution : Answer = Capital is to be called up only on the liquidation of the company
Reserve capital is that portion of its uncalled-up Capital that has been reserved for the purpose of liquidation. Reserve capital cannot be converted back into ordinary Capital without the permission of the company law board.
Question : Arrange the following in the correct order:
(A)
Question : 400 shares of 50 each issued at par were forfeited for non-payment of final call of 10 per share. These shares were reissued at 45 per share as fully paid-up. The amount
Question : Relationship between two figures, expressed in arithmetical terms is called -------
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