The part of capital issued only at the time of liquidatio...
The part of capital issued only at the time of liquidation of the company is
Issued capital
Called-up capital
Paid-up capital
Reserved capital
Correct answer is D
A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company. Such uncalled amount is called 'Reserve Capital' of the company. It is available only for the creditors on winding up of the company.
On January 1,2000, a club's assets and liabilities were as follows: Club house....................
Which of the following are Personal Accounts? i. wages ii. debtors ii. creditors iv. buildings ...
Sales - #232,000 Opening stock - # 28,000 Purchases - #128,000 Carriage inwards - # 4,000 Carria...
The debit ratio is approximately ...
Use the information below to answer this question At the end of a financial period, the trading p...
What is the net profit made by department S? ...
Given: I. It records subscription in arrears II. Payments of liabilities is effected ...
The person who is responsible for the formation of a company is called the ...