The maximum amount a company can raise through the issue ...
The maximum amount a company can raise through the issue of shares is
Paid-up capital
Authorized capital
Reserve capital
Loan capital
Correct answer is B
Authorized capital is also known as Nominal or Registered capital. It is the capital set out in the capital clause of the company's memorandum of association.
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\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...