wiz-icon
MyQuestionIcon
MyQuestionIcon
8
You visited us 8 times! Enjoying our articles? Unlock Full Access!
Question

Is 'Reserve Capital' a part of 'Unsubscribed Capital' or 'Uncalled Capital'?

Open in App
Solution

Unsubscribe capital stands for share issued but not subscribed by people.
Uncalled capital means amount of share not called from public.
Reserve capital means the part of share which will never be called until winding up of company.
Hence reserve capital is part of uncalled capital.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon